Flare Networks has successfully minted 100 million FXRP, a wrapped version of XRP, on its platform. This development allows the equivalent amount of 100 million XRP to generate yield within the Flare ecosystem. The minting of FXRP is part of Flare's initiative to enhance the utility of XRP by enabling it to participate in decentralized finance (DeFi) activities on the network.
Flare Networks Mints 100 Million FXRP, Enabling Yield Generation for XRP
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