Invest ideasNews
2 Jun 2026, 15:30
How One Crypto Founder Is Using XRP To Build The Future Of Finance
Flare Founder Hugo Philion has revealed how his network is utilizing XRP in the decentralized finance (DeFi) space. This includes wrapping the XRP token , which enables users to deploy it on DeFi platforms to earn yield. Flare Founder Breaks Down How They Use XRP For DeFi In an ‘ XRP in One Minute ’ episode, Philion stated that Flare’s mission has been to turn XRP into a collateral asset rather than just a transaction payment asset used on the XRP Ledger . He noted that users can move their XRP holdings to the Flare network in the form of wrapped XRP, which is known as FXRP. With this, users will then be able to deploy their XRP tokens on several lending protocols on the Flare network, where they can borrow stablecoins against their holdings. They can then deploy these stablecoins in other protocols to earn yields. The Flare founder also mentioned a second way to earn yield on one’s XRP holdings on the network. This involves placing one’s holdings in a vault, either on the Ledger or, soon, on the Flare network. This then enables a counterparty to take the XRP to a financial intermediary who can then deploy it into the markets and earn yield. Deploying the FXRP on the network has notably become one of the most common ways to earn yield in the XRP ecosystem . FXRP currently has a market cap of almost $203 million, with just over 158 million tokens in circulation on the Flare network, according to CoinGecko data . This comes even as XRPL developers move to implement a native lending protocol on the network, allowing users to earn yields without moving their holdings to other networks. Plans To Boost DeFi On Flare In an X post , Hugo Philion revealed that they are sourcing more stablecoin liquidity against which XRP can be deployed. Furthermore, they are working on expanding partnerships with institutions that have already committed to using XRPFi on Flare . He noted that the idea is to extend the range of deployment options. Related Reading: How The Likes Of XRP, Solana, And Cardano Could Make A Comeback With This New Crypto Bill Meanwhile, the Flare founder also revealed that they are acquiring new partners who are whales , so they can deploy their holdings into XRPFi on the network. At the same time, they are working towards trials with RWAs using Flare Confidential Compute and broadening the use of FDC through partnerships with entities that need such data. The Flare founder had highlighted these points in response to their plans to increase the total value locked on the network. DeFiLlama data shows that the total value locked in DeFi on the network is $144 million. At the time of writing, the XRP price is trading at around $1.28, down over 2% in the last 24 hours, according to data from CoinMarketCap.
2 Jun 2026, 15:28
Zama accelerates compliance after court lifts $12.5M USDC freeze
Privacy protocol Zama says it will accelerate compliance measures after a court lifted a $12.5 million USDC freeze tied to an unrelated legal dispute.
2 Jun 2026, 15:25
BlackRock Moves $425 Million in Another Bitcoin Sale
BlackRock makes huge Bitcoin deposit in suspected sell attempt as rising selling pressure continues to push institutional clients to hold back their investments.
2 Jun 2026, 15:20
XRP to $1 Roadmap: Analyzing Key Triangle Pattern Break That Triggers Deep Summer Slump
XRP breaks below its $1.30 triangle support, putting the $1 roadmap back on the menu for bears.
2 Jun 2026, 15:16
Ethereum Outperformance Pitched at 0.040 ETH-BTC as Hyperliquid Volume Rivals ETH
Ethereum News Ethereum may be entering a phase of sustained outperformance versus Bitcoin, according to Standard Chartered's Global Head of Digital Assets Research Geoffrey Kendrick. After Strategy...
2 Jun 2026, 15:15
86% Long Liquidation Wave Exposes Bitcoin’s Breakdown Below $68K as ETF Pressure Builds
Bitcoin’s slide toward $68,000 on Tuesday reflected a sharp risk-off reset as exchange-traded fund (ETF) redemptions, Strategy’s rare bitcoin sale, and a heavy derivatives flush hit traders at the same time. Market data placed bitcoin’s low at $67,521 on Bitstamp’s one-hour chart as of June 2, with the asset falling from the roughly $73,900 area
