Flare has launched FXRP, a 1:1 representation of XRP, designed to facilitate its use in decentralized finance (DeFi) applications. This new token allows XRP holders to engage in activities such as lending, decentralized exchange (DEX) trading, and staking without needing to sell their XRP holdings. FXRP is supported by overcollateralization and managed by independent agents, ensuring security and stability. The protocol has undergone audits by multiple firms and features real-time monitoring to enhance security measures. This development opens up new opportunities for XRP holders to participate in the growing DeFi market while maintaining their asset positions.