Flare's FXRP pool on Morpho nears full capacity as XRP-backed borrowing surges
- —RLUSD loans against FXRP on Morpho reached $8.77 million
- —94.5% of the pool is utilized, leaving roughly $500K available
- —Borrow rate sits near 16%, more than double last week's average
- —RLUSD suppliers earn a 15.3% yield
Why it matters: Demand to borrow against XRP without selling shows maturing DeFi rails around the asset, though limited RLUSD supply caps further growth.
Source: Cryptonews.net