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XRP Holders Now Have Direct Access to Solana DeFi Ecosystem

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XRP Holders Now Have Direct Access to Solana DeFi Ecosystem

XRP (XRP) holders now have direct access to Solana’s (SOL) DeFi ecosystem through wrapped XRP (wXRP), a 1:1 backed token that lets them earn yield, swap, and lend without selling their native position.

The wrapped token, live through Hex Trust custody and LayerZero’s cross-chain bridge, is already supported in Phantom wallet, Jupiter Exchange, Meteora, Titan Exchange, and byreal_io.

New DeFi Options Without Leaving XRP

For holders who kept XRP primarily for payments and cross-border settlement, wXRP opens a new layer of utility. By depositing native XRP through Hex Trust’s authorized channels, users receive wXRP on Solana and can deploy it across liquidity pools, lending protocols, and decentralized exchanges.

Each wXRP corresponds to one native XRP locked in a segregated custody account.

The token is minted on deposit and burned on redemption, keeping supply fully matched. Holders can redeem back to the XRP Ledger at any time.

This also means wXRP can trade against Ripple’s RLUSD stablecoin on supported chains, giving holders more pairing options for managing their positions.

Risks XRP Holders Should Weigh

Despite regulated custody, wXRP introduces counterparty exposure to Hex Trust as the third-party custodian.

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Cross-chain bridges, including LayerZero’s OFT standard, have historically faced exploits, though LayerZero’s architecture avoids unregulated intermediaries.

Minting, bridging, and DeFi participation also carry fees and potential slippage. Larger deposits may require KYC and AML verification through Hex Trust’s compliance process.

wXRP does not replace holding native XRP on the XRP Ledger for settlement use cases.

However, it gives holders a compliant path into one of the most active DeFi ecosystems without abandoning their core XRP exposure.

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XRP and Solana Price Performance. Source: TradingView

Despite the news, both XRP and Solana prices only recorded modest surges, rising 2% and 0.9%, respectively. As of this writing, XRP traded for $1.49 while SOL exchanged hands for $89.72.

The post XRP Holders Now Have Direct Access to Solana DeFi Ecosystem appeared first on BeInCrypto.

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Crypto World

French Finance Minister Backs Euro-Pegged Stablecoins in Response to US

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French Finance Minister Backs Euro-Pegged Stablecoins in Response to US

Roland Lescure, France’s finance minister, backed an initiative by European banks to launch a euro-pegged stablecoin in 2026 to compete with US dollar-backed tokens, which currently dominate the market.

According to a Friday Reuters report, Lescure supported the euro-pegged Qivalis stablecoin plan launched in September 2025 by EU banks, including Dutch lender ING and Italy’s UniCredit.

The goal of the banks was to create a stablecoin in compliance with the EU’s Markets in Crypto Assets (MiCA) regulatory framework; the MiCA-compliant euro stablecoin is expected to be launched in the second half of 2026.

“That is ‌what ⁠we need, and that is what we want,” said Lescure, according to Reuters. “I also strongly encourage banks to further explore the launch of tokenized deposits.”

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EU banks are collaborating to create an alternative to the US-dominated stablecoin market, led by Tether’s USDt (USDT) and Circle’s USDC (USDC). As of Friday, USDT had a market capitalization of about $186 billion, according to CoinMarketCap.

Related: SocGen brings MiCA-compliant USDCV dollar stablecoin to MetaMask

Lescure, who reportedly made the comments in a pre-recorded message, said the relatively small volume of euro-pegged stablecoins compared to dollar-pegged ​ones was “not satisfactory.”

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Speaking at the World Economic Forum in January, Banque de France Governor François Villeroy de Galhau said that tokenization and stablecoins were likely to be “the name of the game” in 2026, highlighting benefits of blockchain infrastructure for finance.

However, he opposed interest-bearing stablecoins, claiming that they could destabilize financial systems, a criticism shared by several EU and US policy makers, as well as central bank officials, as stablecoin yield continues to be a contentious regulatory topic.

Stablecoin yield is still an issue in US market structure talks

As of Friday, lawmakers in the US Senate had not announced any compromise that would allow a crypto market structure bill to move closer to a vote.

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The CLARITY Act, a crypto market structure bill that passed in the US House of Representatives in July, has been stalled amid disagreements on how to address stablecoin yield, tokenized equities, ethics and other concerns.

Magazine: Will the CLARITY Act be good — or bad — for DeFi?