According to @jessepollak, XRP holders can now put their XRP on Coinbase, withdraw as cbXRP on Base, and borrow against it for USDC on MoonwellDeFi. This marks the first fully onchain, scalable, and permissionless way to leverage XRP as collateral, unlocking new trading and DeFi strategies for the XRPArmy. The ability to borrow USDC against XRP positions on-chain expands liquidity options and may impact XRP price volatility and DeFi market participation. Source: @jessepollak on Twitter.