XRP and DOGE-Backed Loans Are Here

At Lantern Finance, we’re on a mission to unlock the full potential of your crypto—safely, simply, and seamlessly. And today, we’re excited to announce support for two of the most requested assets by customers: Ripple (XRP) and Dogecoin (DOGE). Read more about it on cointelegraph.

Starting now, you can use XRP or DOGE as collateral to take out loans—directly to your bank account—with up to 25% loan-to-value (LTV), at a 13% annual interest rate and a 2% upfront fee.

Why XRP and DOGE?

XRP and Dogecoin aren’t just meme coins or relics of the early crypto era—they’re battle-tested assets with massive communities and billions in market cap. But until now, most platforms have left XRP and DOGE holders without easy options to borrow against their assets, especially outside of DeFi.

At Lantern, we believe crypto-backed lending should be accessible to more than just the top coins. So we’re expanding the universe of assets we support—starting with XRP and DOGE.

Whether you’re a long-term XRP believer or a Dogecoin diamond-hands holder, we now give you a safe, compliant way to unlock liquidity without selling your stack.

Key Terms at a Glance:

Loan-to-Value (LTV): Up to 25% Annual Percentage Rate (APR): 13% (paid monthly) Origination Fee: 2% (charged upfront) Loan Delivery: USD wired directly to your bank account or with USDC stablecoins

Why Borrow Against XRP or DOGE?

Borrowing against your crypto can be a powerful financial tool:

• Preserve Your Position: Don’t sell in a bull market. Hold your XRP or DOGE while still accessing cash.

• Use Funds Freely: Pay bills, invest elsewhere, or cover life’s big expenses—without triggering taxable events from a sale.

• Fixed, Transparent Terms: Know exactly what you're paying, with no hidden fees.

Who This Is For

This product is designed for:

• Long-term XRP or DOGE holders who don’t want to sell

• Crypto users who want to unlock cash with minimal hassle

• Individuals seeking a secure, compliant lender that respects their assets

Whether you’re a retail investor or a seasoned crypto trader, our loan offering makes it easy to use your XRP and DOGE to meet real-world needs.

How to Apply

Getting started is easy:

1. Head to lantern.finance

2. Login or create your account and click “Submit a new loan application” 

3. Follow the steps to build your loan 

4. Input your payout instructions and sign loan documents 

5. Deposit XRP or DOGE 

6. Receive funds right to your bank account or in stablecoins! 

The Bigger Picture

Adding XRP and DOGE to our lending platform is just the beginning. We’re building a new kind of crypto platform—one where your assets work for you, not the other way around. Over the coming months, we’ll continue to expand the list of supported tokens and improve our lending experience even further.

If there’s another token you’d like to borrow against—or if you have ideas for how we can improve—reach out. We’re building Lantern for the long-term, together. UPDATE:

Since this blogs publication, we increased the max allowed LTV of XRP from 25% to 40%! Please click here for the relevant blog post.