Sentora Approves FXRP as Eligible Collateral Asset

Hugo Philion, co-founder and CEO of Flare, announced that Sentora, a major DeFi resource and risk management platform, has approved FXRP as an eligible collateral asset.

This decision is seen as a significant vote of confidence for XRP's growing use in decentralized finance (DeFi), with Philion stating that it should help expand XRP's market base.

The development follows Flare's integration with Morpho on mainnet and Sentora, allowing users to borrow RLUSD using XRP as collateral. This gives XRP holders a direct way to put their tokens into a lending market and borrow against them.