Flare CEO: A New Product That Will Put 10’s of Billions of XRP to Work Is Coming

Flare Network CEO Hugo Philion has teased a groundbreaking innovation that could transform the XRP ecosystem: Firelight. In a recent post on X, Philion revealed that he spent time in the U.S. with the Firelight team, praising the product as “hugely innovative” and capable of putting “billions, if not tens of billions, of XRP to work” on the Flare Network. Introducing Firelight: Unlocking XRP’s True Potential Firelight is a liquid staking protocol designed to bring dormant XRP to life through decentralized finance (DeFi). At its core, Firelight allows users to mint FXRP, a fully collateralized representation of XRP on the Flare Network . Once FXRP is deposited into Firelight’s Launch Vault, users receive an equal amount of stXRP—an ERC-20 token that can be traded, lent, or used across DeFi platforms while still earning staking rewards. According to Philion, this approach will revolutionize XRP staking, offering both flexibility and powerful yield-generating opportunities. Early adopters of Firelight will also earn Firelight Points, an incentive designed to reward participants for engaging with the protocol from the outset. I spent much of the last week in the US with the Firelight team. This product is hugely innovative and has the potential to put BILLIONS if not 10’s of BILLIONS of XRP to work -> on Flare. — Hugo Philion (@HugoPhilion) June 22, 2025 Institutional Adoption: Billions Already Committed Philion’s bold claims aren’t without backing. Nasdaq-listed VivoPower has already committed $100 million worth of XRP to the Flare ecosystem, specifically through Firelight, in a move aimed at generating stable yield and growing its treasury. Uphold, one of the largest holders of XRP with roughly 1.8 billion tokens in custody, has also confirmed plans to integrate FXRP, signaling major institutional confidence in the system. Meanwhile, testing on Flare’s canary network, Songbird, has shown strong early results. In just a few days, over $2 million in FXRP was minted, driving a 220% surge in total value locked (TVL) and significantly boosting stablecoin activity. A Secure, Scalable Framework for DeFi Security and trust are central to Firelight’s design. All collateral agents are KYC-verified, and FXRP is backed by a diversified pool of over-collateralized assets, including FLR and stablecoins. This ensures users can rely on Firelight for both performance and protection, key for attracting institutional and retail investors alike. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 More importantly, Firelight solves one of the XRPL’s current limitations: the absence of native staking. By offering yield on XRP without compromisinadvised to conduct thoroughg liquidity, Flare positions itself as a leading hub for XRP-based DeFi—or what some now call “XRPFi.” A New Era for XRP Utility With XRP’s market cap sitting above $130 billion, even a small portion of assets deployed via Firelight could translate into tens of billions of dollars in active capital. Philion’s vision reflects this potential: a decentralized ecosystem where XRP holders can earn yield, participate in DeFi, and retain liquidity, all without leaving the safety of the Flare ecosystem. Firelight is currently live on Songbird, with a full launch on Flare’s mainnet expected soon. Once deployed, it could mark a major milestone—not just for Flare, but for XRP as a whole. As Philion put it, this is not just another product. It’s the beginning of a new financial paradigm for XRP holders worldwide. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Flare CEO: A New Product That Will Put 10’s of Billions of XRP to Work Is Coming appeared first on Times Tabloid .

Source: TimesTabloid