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FXRP Clears $280M Lending Vault on Ethereum

Guavy AI Editorial Team
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Flare Network's FXRP token has been approved as collateral in Sentora's RLUSD lending vault on Morpho Blue, a $280 million institutionally curated market on Ethereum.

This milestone marks the first time any representation of XRP has been greenlit for an institutionally curated lending market on Ethereum's mainnet.

XRP holders can now mint FXRP through Flare's FAssets protocol, bridge it to Ethereum, and borrow RLUSD without selling their underlying XRP.

The isolated market structure on Morpho Blue limits contagion risk if something goes sideways with FXRP pricing or liquidity.

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