XRP Breaks Into Institutional Lending on Ethereum Through FXRP

Flare has made significant progress in the decentralized finance (DeFi) space by allowing its FXRP token to be used as collateral in Sentora's RLUSD vault on Morpho. This development marks a new milestone for XRP, enabling users to access lending markets on Ethereum without selling their underlying holdings.

The integration was facilitated after Sentora approved FXRP for use in its institutionally managed RLUSD vault on August 3. The vault holds approximately $280 million in RLUSD and now features a dedicated FXRP/RLUSD market on Morpho Blue.

FXRP is the first version of XRP to be accepted as collateral in an institutional lending vault on Ethereum mainnet. Users can mint FXRP through Flare's FAssets system, transfer it to Ethereum via Stargate, and borrow RLUSD while maintaining exposure to XRP.