In brief
- Flare’s FXRP is now accepted as collateral in Sentora’s RLUSD vault on Morpho.
- XRP holders can borrow Ripple’s RLUSD stablecoin on Ethereum without selling their XRP.
- The integration is the first time an XRP-based asset has been approved as collateral in an institutionally curated Ethereum lending vault.
XRP holders can now borrow Ripple’s RLUSD stablecoin against their holdings on Ethereum without selling their tokens after Flare’s FXRP was approved as collateral in Sentora’s RLUSD Main vault.
Announced on Monday by layer 1 blockchain developer Flare, the integration lets users convert XRP into Flare’s FXRP token, bridge it to Ethereum, deposit it as collateral on the Morpho lending protocol, and borrow RLUSD. Because the loan…
