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XRP holders can now borrow RLUSD on Ethereum against their coins via a $280 million lending pool, after Flare's wrapped XRP (FXRP) was accepted as collateral by Sentora.
Flare, the blockchain enabling XRP use in decentralized finance, announced on Monday that its wrapped version of the token, FXRP, has been approved as collateral by Sentora. Sentora manages a $280 million lending pool of Ripple's RLUSD stablecoin, allowing XRP holders to borrow RLUSD on Ethereum without selling their XRP.
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