XRP Gains DeFi Utility with RLUSD Lending Integration on Ethereum
XRP has gained a new DeFi utility through its integration with RLUSD lending on the Ethereum mainnet.
The integration, announced by Flare on Monday, allows XRP token holders to convert their tokens into FXRP via the Flare network and deposit them as collateral on the Ethereum mainnet. This enables access to dollar-linked liquidity without requiring the direct sale of underlying XRP holdings.
The Sentora RLUSD vault manages nearly $280 million deposited across Morpho Blue's DeFi infrastructure, and this integration provides a new way for token holders to access loans backed by the RLUSD stablecoin on the Ethereum mainnet.