Flare expands XRP spot access on Hyperliquid with USDH integration

Flare has introduced a new FXRP/USDH spot market on the Hyperliquid exchange, building upon the recent launch of the FXRP/USDC market. This expansion aims to scale XRP spot infrastructure beyond the XRP Ledger by integrating XRP exposure with USDH, which serves as Hyperliquid's native quote asset and settlement layer on HyperEVM. USDH is backed one-to-one by US Treasuries and cash equivalents. Hyperliquid noted that utilizing USDH provides a more capital-efficient trading environment for FXRP liquidity, supported by reduced taker fees and increased maker rebates to boost market depth. Flare reported strong initial demand for FXRP and views this integration as crucial for facilitating smooth capital flow between the XRP Ledger, Flare, and HyperEVM. Future developments include a dedicated FXRP bridge powered by Flare Smart Accounts, expected soon, which will allow one-click withdrawals from Hyperliquid back to the XRP Ledger.

(Source：Crypto Briefing)