Benzinga News Agency
2 days agoBenzinga
Cryptocurrency Medium Importance Neutral

XRP Holders Can Use Tokens as Collateral for RLUSD Loans on Ethereum

XRP (CRYPTO: XRP) holders can now borrow Ripple USD (CRYPTO: RLUSD) against their holdings on Ethereum (CRYPTO: ETH) without selling their tokens. New Institutional Backed Lending Market Flare announced Monday that its wrapped version of XRP, FXRP, has been approved as collateral by Sentora, which manages a $280 million RLUSD lending pool.

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Source: Benzinga
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