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TheCryptoBasic

#Flare CEO Hugo Philion Outlines Plans to Boost $XRP Utility with FAssets Upgrade. Hugo Philion stated that Flare upgraded its FAssets system from v1.2 to v1.3 to simplify FXRP minting. Philion described the XRP Ledger as an issuance and settlement layer, while Flare acts as the programmable compute layer for DeFi applications. He highlighted Firelight and Morpho as examples of institutional-grade DeFi protocols being built around XRP liquidity. Analysts believe Flare’s confidential compute infrastructure could help Ripple attract more institutional tokenization and settlement business.

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