Flare launches lending for FXRP, its XRP-pegged asset, via Morpho integration

Flare’s new lending capabilities allow XRP holders to utilize FXRP for decentralized lending. By using the Mystic application, users can lend and borrow against FXRP collateral.

Lending pools feature not only FXRP but also Flare’s native token FLR and stablecoin USDT, promoting diversified investment opportunities.