Overview

• Users can lock XRP into Collateralized Debt Positions to mint the stablecoin while maintaining exposure to their underlying tokens.
• Wrapped Flare (wFLR) serves as collateral backing and participants receive rFLR rewards to encourage adoption.
• Pricing is supplied by Flare’s decentralized Time Series Oracle (FTSO) to support on-chain operations.
• Coverage frames the move as a shift from earlier Ethereum-reliant approaches toward deeper XRP integration on Flare.
• XRP Ledger active accounts have surpassed 7 million, and Coindoo reports early corporate use from Everything Blockchain for treasury management.