XRP Holders Can Now Access Ethereum Liquidity Without Selling
Flare has integrated FXRP as collateral in Sentora's institutional RLUSD vault on Morpho, making it possible for XRP holders to access liquidity without selling their holdings.
This marks an important step for XRP's utility beyond payments, according to Flare CEO Hugo Philion.
The integration allows users to mint FXRP on Flare, bridge it to Ethereum, and borrow RLUSD against their holdings in a permissionless and non-custodial way.
The current market size of the RLUSD vault is around $280 million, making it the largest institutionally curated RLUSD vault on Ethereum.