We Are Going to Take XRP to New Heights, Says Flare Founder

Flare CEO Hugo Philion has reiterated his ambition to enhance the XRP ecosystem far beyond its current ￰0￱ is doubling down on his commitment to unlocking billions in XRP liquidity through DeFi ￰1￱ XRP to New HeightsIn a tweet on Thursday, Philion said his team is “going to take XRP to new heights”. The statement builds on the company’s longstanding mission to transform XRP into a yield-bearing ￰2￱ highlighted XRP as the core asset and FLR as the enabling token. Notably, this positions Flare as the missing link between XRP and decentralized ￰3￱ CEO on X Flare CEO on X Notably, Philion’s latest statement comes on the back of a series of announcements made this ￰4￱ March, he revealed that Flare was preparing low-risk staking opportunities for XRP holders, allowing them to secure services across multiple ecosystems and earn rewards with minimal validator ￰5￱ June, the concept had evolved into Firelight, a liquid staking protocol that enables XRP holders to wrap tokens into FXRP and mint stXRP for use in ￰6￱ quickly took ￰7￱ instance, VivoPower committed $100 million in XRP.

Meanwhile, Uphold joined as a key launch ￰8￱ Opportunities EmergeIn August, details of Firelight’s potential yields came to ￰9￱ with Scott Melker, Philion and Sentora CTO Jesus Rodriguez revealed that XRP could generate annual returns of 4–7% through ￰10￱ an asset that has historically offered no yield, this represented a ￰11￱ designed the system to remain non-custodial and decentralized, avoiding the risks investors witness with centralized ￰12￱ wrapped XRP (FXRP) secured on Flare and represented by stXRP, holders can participate in lending, borrowing, and even minting stablecoins, similar to Ethereum’s MakerDAO ￰13￱ Beyond Cross-Border PaymentsXRP has long faced criticism for its lack of native smart contract support, limiting its role in DeFi.

However, Flare’s EVM compatibility, oracle services, and cross-chain integrations aim to change ￰14￱ is now unlocking idle liquidity estimated at over $100 billion in untapped XRP to position XRP as a serious player in on-chain ￰15￱ voices like attorney Bill Morgan have echoed this ￰16￱ previously noted that XRP needs to “work harder” and expand its utility beyond cross-border ￰17￱ Firelight, that vision is beginning to ￰18￱ Will XRP’s Price React? Meanwhile, Flare’s push to bring DeFi to XRP has continued to spark discussion about its potential impact on XRP’s ￰19￱ co-founder Dom Kwok noted that XRP has not yet had its breakout DeFi moment but already reached a peak market cap of over $200 ￰20￱ argued that XRP could scale to four figures once it experiences a true DeFi breakout, supported by institutional adoption, stablecoin payments, ETFs, and increased retail participation.