Flare CEO Hugo Philion outlines XRP collateral and DeFi yield routes

In an “XRP in a Minute” segment, Flare co-founder and CEO Hugo Philion said XRP holders can pursue DeFi yield by using XRP as collateral rather than only for payments. He described wrapping XRP into FXRP on Flare Networks, borrowing stablecoins against it, and then deploying those borrowed assets into yield strategies.