Flare introduced FXRP, the wrapper for XRP. This makes it possible to use tokens in decentralized finance. This is a major move by two networks. Therefore, XRP can be a 1:1 ERC-20 token of the flare blockchain.
Flare’s facet system is revealed and locks over $7.1 million on XRP within hours
Data shared by XRP Validator (@Vet_Xo) shows that within hours of launch, more than $7.1 million in XRP had already flown into Flare’s core vault. That figure is rising and shows strong early demand for new assets.
Flare has released FXRP.
So far, $7,100,000 has been in the core XRP vault, and it’s steadily increasing.
Mint was already happening and I was about to check out how on-chain statistics are doing with this launch.
This is a distributed process. pic.twitter.com/hvxrut8fhg
– Veterinarian 🏴☠️ (@vet_x0) September 24, 2025
Users can now lock XRP and MINT FXRP through the facet system via the flare. This provides secured and decentralized access to defi services.
This system allows XRP to act as collateral, liquidity, or staking capital for the Defi protocol over a flare network. This provides XRP holders with fresh opportunities beyond payments and makes remittance use cases a broader diversified financial purpose.
Ripplex (the development division of Ripple) emphasized that FXRP allows opportunities for loans, borrowings and surrender that XRP holders were not previously available. This possibility has already attracted institutional interest. All blockchain-like companies employ Flare’s XRP Defi framework for financial management.
Flair co-founder Hugo Fillion called the launch the culmination of years of development. He thanked Validators, Infrastructure Providers and partners for supporting the network since that early on.
Fillion also praised his 2018 conversation with Ripple’s David Schwartz, also known as Joel Katz, as the incredible moment that shaped the project. Flare co-founders further stated that the outcome was the beginning of the next phase. He added that more integrations and Defi applications should be expected over the next 12 months.
This is a crucial moment, both the culmination of the work we’ve been doing from the beginning and the beginning of the next phase.
One of many important things coming in the next 12 months.
I would like to thank the whole team for helping me…
– Hugophilion ☀️ (@hugophilion) September 24, 2025
The launch of FXRP increases optimism while highlighting unfair risks
Respondents showed that XRP becomes part of defi through flares, allowing the token to become more useful in the long run. FXRP is built using a distributed mechanism, where all actions are tracked on the blockchain to encourage trust. Flare is also introducing XRP-backed Stablecoin to strengthen the role of tokens in decentralized finance.
However, notable community voices and XRPL validators (VETs) tell investors that every investment with rewards is risky. Veterinarians said there is a risk associated with a 1 ounce yield. They added, “Some projects are great and angry.”
Let me be very clear.
Either yield bearing tokens harvest yield offers, whether those next to Flare, EVM Side Shane, Midas, Securitization, or XRP are at risk.
All ounces yields are paid by some degree of risk.
And yes, some projects break and get mad.
– Veterinarian 🏴☠️ (@vet_x0) September 24, 2025