RLUSD Deposits Climb $17.5M on Morpho Blue as Ripple Stablecoin Deepens DeFi Footprint

Ripple's RLUSD stablecoin attracted about $17.5 million in new deposits on Morpho Blue over the past 30 days, signaling growing traction in DeFi beyond its payments-focused origins. The Sentora RLUSD Main Vault—which oversees risk settings and collateral approvals for RLUSD markets on Morpho Blue—now holds roughly $280 million in RLUSD. That total is about 40% higher than a month ago. Morpho Blue differs from large pooled lenders such as Aave and Compound by splitting activity into isolated markets rather than mixing assets in shared liquidity pools. Each lending pair has its own risk and liquidation framework, limiting the impact if a specific market runs into trouble. For RLUSD depositors, the structure reduces cross-market exposure: lenders take on risk tied only to the collateral backing RLUSD in a given market, not the full range of assets on the platform. Sentora—formerly known as IntoTheBlock—sets borrowing parameters and approves collateral types for the vault. On Aug. 3, 2026, Flare said it added FXRP as eligible collateral in the Sentora RLUSD vault. FXRP is Flare's Ethereum-native wrapped version of XRP, and the integration created an isolated FXRP/RLUSD market on Morpho Blue. XRP holders who wrap into FXRP can now borrow RLUSD against their position rather than selling the underlying asset. RLUSD is regulated by the New York Department of Financial Services, with reserves fully backed by cash and short-term U.S. Treasuries. The broader stablecoin market remains dominated by Tether's USDT and Circle's USDC, which together account for hundreds of billions of dollars in market value. A $280 million vault on a single protocol leaves RLUSD far from challenging those leaders.