Flare has made a significant advancement by launching an FXRP/USDH spot market on Hyperliquid, which enhances on-chain trading options for XRP and enriches liquidity within the Hyperliquid ecosystem. This launch comes shortly after the FXRP/USDC market introduction, showcasing Flare's ongoing commitment to expanding XRP infrastructure beyond its original ledger.
The FXRP/USDH trading pair merges XRP exposure with USDH, which is Hyperliquid's native asset for quoting and settling transactions across its HyperEVM framework. Since USDH was introduced in September 2025, it has been fully backed by US Treasuries and cash equivalents on a one-to-one basis.
This innovative use of USDH is designed to offer a cost-effective platform for FXRP liquidity, which is further supported by lower taker fees and enhanced maker rebates. These strategies are aimed at boosting spot market depth. Following the debut of FXRP, Flare has observed a robust initial demand, spurred by a heightened interest in gaining exposure to XRP through Hyperliquid. This expansion emphasizes the need for seamless financial interactions between the XRP Ledger, Flare, and HyperEVM.
In a recent move, Flare has also enabled direct FXRP transfers from Flare to HyperEVM, with plans for a dedicated FXRP bridge utilizing Flare Smart Accounts expected to launch in the upcoming weeks. This will facilitate one-click withdrawals from Hyperliquid back to the XRP Ledger, streamlining the trading experience for users.
With these developments, Flare continues to position itself as a critical player in the cryptocurrency landscape, driving liquidity and enhancing the trading options available to investors within its ecosystem.