XRP DeFi Breakthrough: FXRP Approved as Collateral for $280M RLUSD Vault on Ethereum

Flare's FXRP approved as collateral in a $280M RLUSD lending vault on Ethereum via Morpho Blue. First XRP representation in institutionally curated lending market. Huge for capital efficiency but cross-chain bridging adds smart contract risk. XRP price below $1.10.