Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
XRP 
RLUSD Flare is authorized to use FXRP as collateral for institutional lending
Recently, Flare, a well-known Ethereum-based L1 public chain (focusing on trusted decentralized data access), has been granted exclusive authorization for its encapsulated token FXRP that anchors XRP. Flare has now been approved to use FXRP as a collateral asset for institutional lending in DeFi lending infrastructure provider Sentora's Moro-based RLUSD main vault.
According to Flare official announcement, users can borrow RLUSD by mortgage FXRP without giving up their risk exposure to XRP. This move marks the first time that XRP tokens have been included in institutional lending vaults in the form of collateral.
FXRP expands XRP application scenarios in Ethereum DeFi
Flare's FXRP is authorized to serve as loan collateral for Sentora's institutional RLUSD main vault (based on the Morpho protocol), which will further strengthen XRP's role in the DeFi field. The RLUSD deposits currently managed by this vault are close to US$280 million, making it the largest institutional-level RLUSD vault on Ethereum.
It is reported that the newly launched FXRP/RLUSD market runs on Morpho Blue, a permission-free lending agreement, allowing users to create an independent lending market. Through Flare's FAssets system, XRP holders can seamlessly cast FXRP. In addition, users can cross-link the minted FXRP to Ethereum, then deposit it in the vault as collateral, and ultimately borrow RLUSD tokens without having to liquidate the XRPs they hold. This mechanism allows investors to maintain continuous exposure to XRP prices and obtain stablecoin liquidity for various DeFi application scenarios.
Licensing paves the way for FXRP's DeFi integration
Hugo Philion, co-founder and CEO of Flare, said: "XRP has now become a mortgage asset certified by institutional risk control teams on the Ethereum main network, which far exceeds ordinary cross-chain bridge access. "This marks a critical step for XRP to integrate into the mainstream DeFi ecosystem.
Jesus Rodriguez, co-founder and CTO/CPO of Sentora, pointed out: "By enabling FXRP as collateral in RLUSD vaults, we are introducing institutional scale into the DeFi space and expanding the productive utility of XRP in the on-chain credit market. "
According to Flare, the lending market will initially adopt a relatively conservative supply strategy to control risks. At the same time, FXRP will be subject to continuous monitoring with reference to the standards of other institutions authorized to mortgage assets. Overall, by making FXRP the core collateral for institutional RLUSD, the move is expected to drive Morpho protocol managers, DeFi apps, exchanges and wallets to integrate it into more lending markets.
