XRP Holders Can Now Borrow Stablecoins on Ethereum Without Selling Their Crypto

A new lending vault on Ethereum has opened up for XRP holders to borrow RLUSD without selling their crypto.

The $280 million RLUSD lending vault now accepts FXRP as collateral, allowing XRP owners to unlock liquidity without having to liquidate their positions.

This integration marks a significant milestone in the convergence between the XRP Ledger ecosystem and Ethereum DeFi, bringing two previously siloed worlds closer together.

XRP holders can deposit FXRP as collateral and borrow RLUSD, which can then be used freely across the DeFi ecosystem for activities such as yield farming or debt repayment.