POPA ReconRLUSD Lending Hits 89% Utilisation on XRP Collateral
RLUSD Lending Hits 89% Utilisation on XRP Collateral FXRP/RLUSD market on Morpho is running at ~89% utilisation: about $7.13M of Ripple's RLUSD supplied, $6.35M already borrowed against wrapped XRP. Flare put borrowing at ~$6.9M two days later. That's roughly 89 cents of every dollar out on loan. XRP is minted into FXRP on Flare and posted as collateral in an isolated Morpho market, fed by Sentora's $280M RLUSD vault. Since Sep 18, the whole flow runs from an XRPL wallet through Flare Smart Accounts – no new wallets, no manual bridging. Holders get dollars without selling their XRP. 🔗 x.…
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