XRP Holders Can Use Tokens as Collateral for RLUSD Loans on Ethereum
XRP holders can now borrow RLUSD against their holdings on Ethereum without selling their tokens, through a new institutional-backed lending market by Flare.
XRP owners can now borrow money using their XRP as a promise to pay it back, kind of like using toys as collateral for a loan. This is a new tool that might make XRP more useful, so watch if more people start using it and whether it changes how XRP is valued.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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