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The post Enosys introduces XRP-backed stablecoin protocol using Liquity V2 fork appeared on BitcoinEthereumNews.com. Key Takeaways Enosys launched an XRP-backed stablecoin protocol on the Flare blockchain using a fork of Liquity V2, enabling users to mint stablecoins by depositing FXRP. Flare is a layer-1 blockchain integrating smart contracts and decentralized data oracles, supporting the DeFi ecosystem for payment tokens like XRP. Enosys announced the upcoming launch of a new product called Enosys Loans, described as the first collateralized debt position protocol to leverage XRP as collateral for minting a stablecoin. The platform will operate on Flare, a layer-1 blockchain network that integrates smart contracts and decentralized data oracles. Users can mint stablecoins by depositing FXRP, a wrapped version of XRP designed for use on the Flare network. The launch reflects a broader trend of payment-focused cryptocurrencies like XRP being adapted for yield-generating DeFi activities. Source: https://cryptobriefing.com/enosys-xrp-backed-stablecoin-liquity-v2-fork-flare/The post Enosys introduces XRP-backed stablecoin protocol using Liquity V2 fork appeared on BitcoinEthereumNews.com. Key Takeaways Enosys launched an XRP-backed stablecoin protocol on the Flare blockchain using a fork of Liquity V2, enabling users to mint stablecoins by depositing FXRP. Flare is a layer-1 blockchain integrating smart contracts and decentralized data oracles, supporting the DeFi ecosystem for payment tokens like XRP. Enosys announced the upcoming launch of a new product called Enosys Loans, described as the first collateralized debt position protocol to leverage XRP as collateral for minting a stablecoin. The platform will operate on Flare, a layer-1 blockchain network that integrates smart contracts and decentralized data oracles. Users can mint stablecoins by depositing FXRP, a wrapped version of XRP designed for use on the Flare network. The launch reflects a broader trend of payment-focused cryptocurrencies like XRP being adapted for yield-generating DeFi activities. Source: https://cryptobriefing.com/enosys-xrp-backed-stablecoin-liquity-v2-fork-flare/

Enosys introduces XRP-backed stablecoin protocol using Liquity V2 fork

Author: BitcoinEthereumNews

Source: BitcoinEthereumNews

2025/09/20 06:33

XRP$1.8908-5.46%

DEFI$0.000485-7.44%

Key Takeaways

Enosys launched an XRP-backed stablecoin protocol on the Flare blockchain using a fork of Liquity V2, enabling users to mint stablecoins by depositing FXRP.
Flare is a layer-1 blockchain integrating smart contracts and decentralized data oracles, supporting the DeFi ecosystem for payment tokens like XRP.

Enosys announced the upcoming launch of a new product called Enosys Loans, described as the first collateralized debt position protocol to leverage XRP as collateral for minting a stablecoin.

The platform will operate on Flare, a layer-1 blockchain network that integrates smart contracts and decentralized data oracles.

Users can mint stablecoins by depositing FXRP, a wrapped version of XRP designed for use on the Flare network.

The launch reflects a broader trend of payment-focused cryptocurrencies like XRP being adapted for yield-generating DeFi activities.

Source: https://cryptobriefing.com/enosys-xrp-backed-stablecoin-liquity-v2-fork-flare/

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