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<p>Looking at the #FXRP / $RLUSD market on #Morpho :

$8.4M borrowed, over 90% utilization. But just 3 wallets account for 91% of the debt.

One of them also appears under the Clearstar name on Nuva. So there's activity, possibly professional players, but we're still far from seeing broad adoption.

I wonder if the missing piece is infrastructure (FCC, PMW, easier access...) or simply demand.

Because ultimately, the question is: why would someone borrow RLUSD against XRP, and what would they actually use it for? 🤔
( https://t.co/SXC35QlhZH)

$FLR</p>

Looking at the #FXRP / $RLUSD market on #Morpho :
$8.4M borrowed, over 90% utilization. But just 3 wallets account for 91% of the debt.
One of them also appears under the Clearstar name on Nuva. So there's activity, possibly professional players, but we're still far from seeing broad adoption.
I wonder if the missing piece is infrastructure (FCC, PMW, easier access...) or simply demand.
Because ultimately, the question is: why would someone borrow RLUSD against XRP, and what would they actually 

Looking at the #FXRP / $RLUSD market on #Morpho : $8.4M borrowed, over 90% utilization. But just 3 wallets account for 91% of the debt. One of them also appears under the Clearstar name on Nuva. So there's activity, possibly professional players, but we're still far from seeing broad adoption. I wonder if the missing piece is infrastructure (FCC, PMW, easier access...) or simply demand. Because ultimately, the question is: why would someone borrow RLUSD against XRP, and what would they actually use it for? 🤔 ( https://t.co/SXC35QlhZH) $FLR

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