XRP Holders Can Now Access RLUSD Stablecoin Without Selling Their Tokens

XRP holders can now access a new way to borrow Ripple's RLUSD stablecoin without selling their tokens. This is made possible through the integration of Flare's FXRP token as collateral in Sentora's RLUSD vault on Morpho.

The model allows users to convert XRP into FXRP, bridge it to Ethereum, and deposit it as collateral on Morpho lending protocol. Borrowers can then access dollar-pegged liquidity while retaining exposure to XRP's price.

This integration is a significant step forward for XRP adoption in decentralized finance (DeFi). According to Flare's co-founder and CEO, Hugo Philion, 'XRP is one of the largest assets in crypto and one of the least used in DeFi. That gap came down to infrastructure.'