XRP Tapped for Ethereum-Backed Loans via RLUSD Stablecoin

The integration of XRP into the Ethereum mainnet's DeFi infrastructure has been enabled through RLUSD lending, courtesy of Flare and Sentora. This development allows users to convert their XRP tokens into FXRP via the Flare network and deposit them as collateral on Ethereum.

RLUSD vaults manage nearly $280 million in deposited assets across Morpho Blue's DeFi infrastructure. The process provides access to dollar-linked liquidity without requiring the direct sale of underlying XRP holdings.

Hugo Philion, co-founder and CEO of Flare, stated that XRP ranks among the largest assets by market capitalization in the crypto sector, although it has historically maintained low participation in on-chain credit. The validation of FXRP by an institutional risk team on Ethereum represents a stronger technical endorsement than a conventional cross-chain bridge listing.