XRP Enters DeFi with Flare’s FAssets Upgrade, Offering Real Utility and Security

Flare Network has launched a significant upgrade that unlocks XRP’s potential within the decentralized finance (DeFi) ecosystem. By leveraging the revolutionary FAssets protocol on Songbird, users can now utilize real XRP tokens in DeFi applications. This marks a major step forward for the third-largest crypto asset after Tether and Bitcoin. 🧠 The introduction of FAssets allows trading of complex DeFi operations with assets like Bitcoin (BTC), Dogecoin (DOGE), and more. XRP’s first foray into this space is facilitated by its Core Vaults, which securely link these assets to smart contract platforms without requiring users to relinquish ownership of their assets.