XRP is becoming collateral for real loans and the first market is already dominated by whales
XRP is starting to assist reside greenback borrowing on Ethereum, although the market stays closely concentrated amongst a handful of debtors. A Morpho market backed by FXRP, a tokenized representation of XRP, had about 7.18 million RLUSD in excellent loans in opposition to 10.76 million FXRP as of Oct. 1. The three largest addresses accounted…
