Flare&#8217;s FXRP token has been approved as collateral in an institutionally curated Morpho vault on Ethereum, letting XRP holders borrow Ripple&#8217;s RLUSD stablecoin without selling. It is the first time an XRP-based asset has been accepted in a major on-chain&#8230;

Flare's FXRP token has been approved as collateral in a Morpho vault on Ethereum, allowing XRP holders to borrow Ripple's RLUSD stablecoin without selling their assets. This marks the first instance of an XRP-based asset being accepted in a major on-chain lending platform.

XRP as DeFi collateral: how Ripple’s RLUSD lending play through Flare and Morpho could reshape a $70 billion asset

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.

XRP holders can now borrow RLUSD on Ethereum without selling their coins, utilizing a $280 million lending pool that previously did not accept XRP-linked assets.

XRP holders can now borrow RLUSD on Ethereum through $280 million lending pool

Flare's FXRP has been approved as collateral in a $280 million RLUSD lending vault, allowing XRP holders to tap Ethereum's lending markets.

XRP holders can now borrow Ripple's RLUSD on Ethereum without selling their crypto, as Flare's FXRP has been approved as collateral in a $280 million RLUSD lending vault. This development allows XRP holders to access Ethereum's lending markets.

XRP Holders Can Now Borrow Ripple's RLUSD on Ethereum Without Selling Their Crypto

يمكن لحاملي XRP الآن الاستفادة من أصولهم من خلال اقتراض عملة RLUSD المستقرة من Ripple على Ethereum من خلال مجموعة قروض جديدة بقيمة 280 مليون دولار. يسمح هذا التحرك المبتكر للمستخدمين بالوصول إلى أسواق الإقراض في Ethereum دون الحاجة إلى بيع XRP الخاص بهم، مما يمثل تطورًا كبيرًا في مجال التمويل اللامركزي.

Los titulares de XRP ahora pueden aprovechar sus activos pidiendo prestado el stablecoin RLUSD de Ripple en Ethereum a través de un nuevo pool de préstamos de 280 millones de dólares. Este movimiento innovador permite a los usuarios acceder a los mercados de préstamos de Ethereum sin necesidad de vender su XRP, marcando un desarrollo significativo en el espacio DeFi.

Les détenteurs de XRP peuvent désormais tirer parti de leurs actifs en empruntant le stablecoin RLUSD de Ripple sur Ethereum grâce à un nouveau pool de prêt de 280 millions de dollars. Ce mouvement innovant permet aux utilisateurs d'accéder aux marchés de prêt d'Ethereum sans avoir besoin de vendre leur XRP, marquant un développement significatif dans l'espace DeFi.