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$FXRP Becomes First XRP Collateral for Ethereum-Based RLUSD Lending

Guavy AI Editorial Team
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ETH XRP LUSD
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The Ethereum-based decentralized finance (DeFi) infrastructure provider Sentora has given Flare's wrapped XRP, $FXRP, exclusive authorization to use as collateral for lending in its Morpho-based RLUSD Main vault.

This move marks the first approval of an XRP representation as collateral within a institutionally curated vault for lending services and is set to bolster the role of XRP in DeFi.

The RLUSD Main vault, managed by Sentora, currently holds almost $280M in deposited RLUSD tokens, making it the largest vault for institutionally curated RLUSD on Ethereum.

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