XRP Holders Can Now Borrow RLUSD on Ethereum with FXRP as Collateral

XRP holders now have a new way to access liquidity without selling their tokens. Flare's wrapped version of XRP, FXRP, has been approved as collateral by Sentora for RLUSD loans on Ethereum.

This approval enables an isolated lending market on Morpho Blue, allowing users to deposit FXRP as collateral and borrow RLUSD while maintaining exposure to XRP's price. The lending market is permissionless, meaning users don't need to join a whitelist to participate.

The integration expands the role of XRP in decentralized finance, but adoption remains an early-stage challenge. Flare said around 155 million FXRP has been minted since launch, compared with its longer-term goal of bringing 5 billion XRP into its ecosystem over the next six months.