Flare FXRP borrowing of RLUSD goes live on Ethereum via Morpho
RLUSD borrowing against FXRP collateral is live on Ethereum via a Morpho market, with XRP deposited from an XRPL wallet minted to FXRP on Flare and posted as collateral via Flare Smart Accounts.
Borrowing RLUSD against FXRP collateral is now live on Ethereum through a Morpho market. XRP deposited from an XRPL wallet is minted to FXRP on Flare and posted as collateral via Flare Smart Accounts, a non-custodial flow that requires no new wallets or manual bridging. The routing layer is the pathway for the move to Ethereum through Morpho.