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Crypto

XRP holders can trade options and perpetual futures without selling as FXRP collateral expands

XRP holders can use FXRP on Flare as collateral to trade options and perpetual futures on decentralised exchange Derive, without going through a centralised exchange. Flare said Derive began supporting FXRP as collateral for XRP options and perpetual futures. Derive’s XRP options settle in USDC, not XRP, requiring option sellers to maintain sufficient USDC and margin to avoid liquidation. FXRP has also been approved as collateral in Sentora’s RLUSD main vault on Morpho.

Crypto

Circle to launch Arc mainnet on Sept. 16 with 11 founding validators including Visa and BlackRock

Circle will open the public mainnet of its own blockchain, Arc, on Sept. 16. It named 11 institutions including Visa, Mastercard and BlackRock as founding validators. Circle said more than 100 developers are involved under a private mainnet, and the testnet processed over 500 million transactions across about 3 million wallets. It also reported second-quarter revenue of $701 million and net income of $48 million.

Crypto

XRP holders can borrow RLUSD without selling as Flare\'s FXRP enters Ethereum loan collateral

A new route has opened for XRP holders to borrow Ripple’s stablecoin RLUSD without selling their holdings. Flare’s XRP-based asset FXRP was approved as collateral in Centora’s RLUSD main vault, marking the first inclusion of an XRP-based asset in an institution-screened Ethereum lending vault. Users can convert XRP to FXRP on Flare, move it into the Ethereum ecosystem and deposit it on Morpho to borrow RLUSD.