XRP holders can now borrow RLUSD on Ethereum through $280 million lending pool
CoinDesk·
60-second summary
XRP holders can now borrow RLUSD on Ethereum through a $280 million lending pool, marking the first time a vault has accepted an XRP-linked asset. This development allows XRP holders to access liquidity without selling their coins, expanding their financial flexibility. Market implications are positive for XRP holders, increasing their ability to participate in Ethereum-based lending opportunities.
XRP holders can now borrow RLUSD against their coins on Ethereum without selling, through a $280 million vault that had never accepted an XRP-linked asset before.