XRP enters DeFi as Flare launches FXRP on mainnet
Flare has launched FAssets on its mainnet, beginning with FXRP v1.2, enabling XRP holders to use their tokens across decentralized finance (DeFi) applications. The rollout marks the first time XRP can be minted into FXRP on Flare and deployed within DeFi protocols, including decentralized exchanges (DEXs), lending markets, stablecoin minting, and liquid staking. For over a decade, XRP has powered fast and efficient settlement at scale. FXRP on Flare extends that strength with composability, opening new growth opportunities: XRP as collateral, liquidity, and yield in DeFi. Mint today:https://t.co/1ovLRNisHZhttps://t.co/Kjsp3Okyrc pic.twitter.com/SRXZIzCZ3a — Flare ️ (@FlareNetworks) September 24, 2025 How FXRP works FAssets are Flare’s protocol for transforming non-smart contract cryptocurrencies like XRP into tokens usable in DeFi. Each FAsset is a one-to-one representation of the underlying asset, secured by an overcollateralized system of independent...