Flare Brings XRP-Backed RLUSD Loans to Ethereum Mainnet

XRP holders can now access liquidity on Ethereum without selling their XRP thanks to Flare's integration of FXRP as collateral in Sentora's institutional RLUSD vault on Morpho.

This marks a significant step for XRP's utility beyond payments, according to Flare CEO Hugo Philion, who notes that 'XRP is one of the largest assets in crypto and one of the least used in DeFi. That gap came down to infrastructure.'

The integration allows users to mint FXRP on Flare, bridge it to Ethereum, and borrow RLUSD against their holdings in a permissionless and non-custodial way.

The new market is isolated to Morpho Blue and currently holds around $280 million in deposited RLUSD, making it the largest institutionally curated RLUSD vault on Ethereum mainnet.