Flare has activated lending capabilities for its XRP-pegged asset, FXRP, by integrating with the cross-chain lending protocol Morpho. This development allows XRP holders to engage in decentralized finance activities, such as earning interest by depositing FXRP or borrowing assets like stablecoins using FXRP as collateral. The lending functionality is available through the Mystic application, featuring lending pools supported by FXRP, Flare's native token FLR, and the stablecoin USDT0. Morpho's design ensures risk containment by segregating each pair of lending assets.