On January 8, Flare launched the first XRP spot market on Hyperledger, listing FXRP and opening the FXRP/USDC trading pair to enable XRP spot trading on the network’s order book. FXRP is built on Flare’s FAssets system and issued per the LayerZero cross-chain standard, allowing it to bridge back to the XRP Ledger after trading on Hyperledger. Flare noted the move maintains decentralized custody, positions the XRP Ledger as the ultimate settlement layer, expands XRP’s utility in decentralized finance (DeFi), and provides XRP holders with deeper on-chain spot liquidity. (CoinDesk)
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