XRP Holders Can Now Borrow Ripple's RLUSD on Ethereum Without Selling Their Crypto
Decrypt·
60-second summary
XRP holders can now borrow RLUSD on Ethereum without selling their crypto, thanks to Flare's FXRP being approved as collateral in a $280 million RLUSD lending vault. This milestone enables XRP holders to access Ethereum's lending markets, potentially unlocking new financial opportunities and increasing liquidity. Market implications are positive for XRP and DeFi adoption.
Flare's FXRP has been approved as collateral in a $280 million RLUSD lending vault, allowing XRP holders to tap Ethereum's lending markets.