Flare launched its first XRP spot market on Hyperliquid, opening the FXRP/USDC trading pair.
TL;DR
Flare launched its first XRP spot market on Hyperliquid, enabling FXRP/USDC trading via the FAssets system. This expands XRP's use in DeFi while maintaining decentralized custody and XRPL settlement.
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[Flare Launches First XRP Spot Market on Hyperliquid, Opens FXRP/USDC Trading Pair] Mars Finance reported on January 8th that Flare announced the launch of its first XRP spot market on Hyperliquid. By listing FXRP and opening the FXRP/USDC trading pair, spot trading of XRP is now possible on the Hyperliquid on-chain order book. FXRP is issued based on Flare's FAssets system and LayerZero full-chain standard, and can be traded on Hyperliquid and then bridged back to the XRP Ledger. Flare stated that this move expands the use of XRP in DeFi scenarios while maintaining decentralized custody and XRPL as the final settlement layer, and provides XRP holders with deeper on-chain spot liquidity. (CoinDesk)