Flare has introduced an XRP-backed stablecoin. This boosts the use of the token in DeFi as XRP Ledger surpasses 7 million accounts.

Flare has taken a major step in expanding the role of XRP in decentralised finance (DeFi) by launching FXRP on its mainnet.

FXRP by Flare is now, enabling the use of XRP in DeFi. Over $7.1 million has been locked in a few hours of launch.

XRP-backed token enabling lending, trading, and DeFi access, expanding XRP’s utility in decentralized finance.

Overview XRP joins Flare Network through FXRP, opening access to DeFi lending, staking, and stablecoins.Early demand was ...

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