Pay Your Loan Interest and Principal in RLUSD
You can now pay both interest and principal in RLUSD. Here's how it works and why it matters.
By Lantern Finance
When we launched RLUSD as a loan payout option in June, one thing was missing: you couldn't use it to pay back the loan. You could receive your loan in RLUSD, but interest and principal payments still had to go through USDC.
That gap is closed. You can now pay both interest and principal in RLUSD.
How it works
If you already have RLUSD in your wallet, the payment flow is the same as it's always been. You select RLUSD as your payment currency, confirm the amount, and it's done.
RLUSD is available on both Ethereum and XRPL.
Lastly, there is no conversion cost for making a payment in RLUSD. We treat RLUSD as 1:1 with USD.
Why this matters
Stablecoin flexibility is a small thing that compounds over the life of a loan. If you're holding RLUSD because you prefer Ripple's stablecoin, or because your other crypto activity runs on XRPL, you no longer need to leave that ecosystem to service your Lantern loan.
For XRP holders who took out a loan to avoid selling, this removes one more friction point. Your loan stays in the ecosystem you're already operating in.
Ready to set up RLUSD payments? Log in to your dashboard and select RLUSD the next time a payment is due.
Manage your loan here: https://lantern.finance/dashboard/loans
This post is for educational purposes only and does not constitute financial advice. Always consult with your financial advisor before making lending decisions.
