XRP Holders Can Now Borrow RLUSD on Ethereum Using Wrapped XRP as Collateral
XRP holders have a new borrowing option thanks to a $280 million lending pool managed by Sentora. This isolated market on Morpho Blue allows XRP holders to borrow Ripple's RLUSD stablecoin without selling their holdings, using wrapped XRP (FXRP) as collateral.
The development is made possible through a partnership with Flare, which aims to simplify the multi-step minting and bridging process. The goal is to enable direct authorization from XRP Ledger wallets.
This new borrowing option opens up DeFi opportunities for XRP holders while maintaining risk isolation within the lending pool.