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Crypto
Flare targets XRP and bitcoin DeFi integration to attract institutional funds
Flare Networks is pushing to expand its DeFi connectivity from XRP to bitcoin, with CEO Hugo Philion saying it plans to extend its FAssets technology to bitcoin via a wrapped token, FBTC. Flare aims to turn major cryptocurrencies that are hard to use directly in DeFi into programmable assets. It has issued more than 150 million FXRP and targets attracting up to 5 billion XRP within six months. Flare says its FCC confidential computing could reduce full disclosure of transaction information for large participants.
Crypto
Flare CEO says major XRPFi expansion over next six months to attract 5 billion XRP
Flare will push a major expansion of XRPFi, its XRP-based decentralised finance ecosystem, over the next six months, aiming to make XRP usable as a DeFi asset rather than only for payments. CEO Hugo Philion said Flare will become a fully programmable layer for the XRP Ledger and roll out upgrades starting in about two weeks. FXRP issuance has exceeded 150 million, and he projected up to 5 billion XRP could flow into Flare, though analysts see security checks and stablecoin liquidity as key hurdles.
Crypto
Flare co-founder welcomes Charles Hoskinson return after XRP-BTC clash
Flare co-founder Hugo Philion publicly supported Cardano founder Charles Hoskinson\'s return to activity on X, after the two clashed over XRP and bitcoin interoperability and bitcoin-based DeFi strategy. Philion said the crypto industry would be worse off without Hoskinson, Cardano and Midnight, while maintaining Cardano was duplicating work that could be done using FXRP and Flare Bitcoin via LayerZero. Hoskinson had briefly reduced public activity before returning.