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Flare launches its first XRP spot market on Hyperliquid, opening the FXRP/USDC trading pair
BlockBeats News, January 8 — Flare announced the launch of its first XRP spot market on Hyperliquid, by listing FXRP and opening FXRP/USDC trading pairs, enabling spot trading of XRP on Hyperliquid’s order book. FXRP is issued based on Flare’s FAssets system and LayerZero’s cross-chain standards, and can be bridged back to XRP Ledger after trading on Hyperliquid.
Flare stated that this move expands XRP’s use cases in DeFi while maintaining decentralized custody and using XRPL as the final settlement layer, and provides deeper on-chain spot liquidity for XRP holders. (CoinDesk)