Key highlights: XRP holders can use wrapped XRP as collateral to borrow RLUSD on Ethereum through a new institutionally reviewed lending market. The FXRP market launched with strong early demand as the initial 1 million RLUSD liquidity allocation was fully borrowed within hours. Flare is developing a simpler borrowing process that would allow users to […]
Tag: FXRP
Can XRP earn passive income? Native XRP staking isn’t available on the XRP Ledger, but alternative solutions can provide access to yield. But there is a way: Firelight XRP staking. Through Bifrost Wallet, users can access Flare’s liquid staking mechanism, which uses FXRP and issues stXRP as a receipt token. This can create a path […]
By George Georgiev Ripple announced yet another expansion of its institutional digital asset strategy. In fact, the past seven days were rather packed with ecosystem updates. All of it happened as XRP traded near $1.07 following a few unsuccessful recovery attempts, but more on that later. Now, let’s dive into the most important and recent […]