Borrow RLUSD Against XRP on Ethereum via New $280M Vault

XRP holders can now borrow RLUSD on the Ethereum blockchain by using their XRP holdings as collateral, according to a report by CoinDesk published August 4, 2026. This functionality is facilitated through a lending pool valued at $280 million, which CoinDesk notes had not previously accepted any XRP-linked assets.

The mechanism allows users to access liquidity in the form of RLUSD without selling their XRP coins. By depositing XRP into the vault, borrowers can draw RLUSD against the value of their assets, maintaining their long-term position in XRP while utilizing the stablecoin for other purposes on the Ethereum network.

The $280 million lending pool serves as the primary liquidity source for these transactions. According to CoinDesk, the integration of XRP-linked assets into this specific vault represents a shift in the pool’s accepted collateral types.

RLUSD Borrowing and Ethereum Integration

The ability to borrow RLUSD on Ethereum using XRP as collateral bridges two distinct blockchain ecosystems. Borrowers utilize the Ethereum-based lending pool to secure stablecoin loans, while their XRP serves as the underlying security for the debt.

This financial arrangement is designed for holders who wish to avoid the tax implications or loss of potential upside associated with selling their cryptocurrency. By leveraging their assets, users can obtain spendable or tradable liquidity in RLUSD while keeping their original XRP holdings intact.

Lending Pool Specifications

The lending pool involved in this development maintains a total value of $280 million. CoinDesk reports that the inclusion of XRP-linked assets is a new development for this particular vault, marking the first time such assets have been eligible for use as collateral within this specific pool.

Under this system, the amount of RLUSD a user can borrow is determined by the value of the XRP they deposit, subject to the lending pool’s specific collateralization ratios and risk parameters.