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      RLUSD Stablecoin Sees $17.5 Million Increase in Deposits on Morpho Blue

      Ripple's RLUSD stablecoin has experienced a significant increase in deposits, adding approximately $17.5 million on the Morpho Blue platform over the past month. This growth reflects the stablecoin's strategy to expand its presence in decentralized finance (DeFi) beyond traditional payment functions.

      The Sentora RLUSD Main Vault, which oversees risk management and collateral approvals on Morpho Blue, now holds around $280 million in RLUSD deposits, marking a 40% increase from the previous month. Morpho Blue differentiates itself from other lending protocols by utilizing discrete lending pairs, allowing lenders to engage with specific asset risks rather than being exposed to a collective pool.

      Additionally, the integration of FXRP as collateral in the Sentora RLUSD vault has opened new borrowing opportunities. XRP holders can now wrap their tokens into FXRP and borrow RLUSD without liquidating their positions. RLUSD is regulated by the New York Department of Financial Services, ensuring that its reserves are fully backed by cash and short-term US Treasuries. Despite its growth, RLUSD's vault size remains modest compared to the dominant stablecoins, Tether's USDT and Circle's USDC, which together hold hundreds of billions in market capitalization.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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