Sentora made it official on August 3, adding FXRP as collateral in its RLUSD Main vault on Morpho — and the vault already holds around $280 million in RLUSD deposits. A user starts with XRP on the XRP Ledger, that transaction gets verified by Flare, and then FXRP gets minted. After that, the user bridges FXRP over to Ethereum and deposits it into the isolated market to borrow RLUSD. Borrowing it against FXRP means XRP holders can access dollar-denominated liquidity without selling their XRP. It’s an Ethereum-based lending vault holding around $280 million in RLUSD deposits, where XRP holders can deposit FXRP as collateral to borrow RLUSD stablecoins.