Enosys Loans Lets Users Mint First XRP-Backed Stablecoins on Flare

Enosys has launched Enosys Loans, a Collateralized Debt Position protocol on the Flare blockchain. The system allows XRP holders to mint a trustless, overcollateralized stablecoin without selling their assets. At launch, FXRP and wFLR are accepted as collateral, with plans to add stXRP in the near future. The protocol uses the CDP model, where users…