CoinDesk·4 min read·hard
XRP holders can now borrow RLUSD on Ethereum through $280 million lending pool
S
Shaurya Malwa
✦AI Summary
Flare has enabled XRP holders to use their tokens as collateral to borrow RLUSD stablecoin through a $280 million lending pool managed by Sentora. This integration allows users to leverage their XRP holdings within the Ethereum decentralized finance ecosystem without selling their assets.
Flare, the blockchain that lets XRP be used in decentralized finance, told CoinDesk on Monday that its wrapped version of the token has been accepted as collateral by Sentora, which manages a $280 million lending pool of Ripple's RLUSD stablecoin.
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