Ripple’s RLUSD stablecoin saw $17.5 million in fresh deposits on Morpho Blue over the past 30 days. The Sentora RLUSD Main Vault, which manages risk parameters on this Ethereum lending protocol, now holds approximately $280 million in RLUSD deposits, representing roughly a 40% increase from the previous month. The integration of FXRP, Flare’s Ethereum-native wrapped version of XRP, as collateral has created a new isolated FXRP/RLUSD market on Morpho Blue. RLUSD is regulated by the New York Department of Financial Services with reserves fully backed by cash and short-term US Treasuries.
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