Flare Network launches XRP wrapped token FXRP

Flare Network announced the launch of the XRP wrapped token FXRP, which supports decentralized finance (DeFi) applications. It is reported that XRP holders can deposit collateral through Flare's "Independent Validator" network to mint FXRP, allowing the asset to be traded, lent, or used as liquidity provision on Flare-based platforms.