XRP Holders Can Now Borrow Ripple's RLUSD on Ethereum Without Selling Their Crypto
Summary
XRP holders can now borrow Ripple’s RLUSD stablecoin on Ethereum without selling XRP, after Flare’s FXRP was approved as collateral in Sentora’s RLUSD Main vault. Users can convert XRP to FXRP, bridge it to Ethereum, deposit it on Morpho, and borrow RLUSD while keeping price exposure to XRP. The setup uses Morpho Blue’s isolated lending markets, and Sentora said it evaluated FXRP’s market behavior, oracle design, liquidity, and liquidation mechanics before approval. The model is similar to WBTC, but for XRP. The launch supports Ripple’s push to make RLUSD an enterprise-focused stablecoin, following earlier testing on Ethereum and the XRP Ledger, New York approval, and Mastercard’s planned support for regulated stablecoin settlement.
