Flare has launched an FXRP/USDH spot market on Hyperliquid, expanding onchain trading access for XRP and deepening liquidity across the Hyperliquid ecosystem.
The rollout follows the launch of the FXRP/USDC market two weeks earlier and marks another step in Flare’s effort to scale XRP spot infrastructure beyond the XRP Ledger.
The new FXRP/USDH pair links XRP exposure with USDH, Hyperliquid’s native quote asset and settlement layer across HyperEVM. USDH, launched in September 2025, is fully backed one-to-one by US Treasuries and cash equivalents.
Hyperliquid said the use of USDH offers a capital-efficient venue for FXRP liquidity, supported by lower taker fees and higher maker rebates designed to accelerate spot market depth.
Flare said initial demand has been strong following the first FXRP launch, driven by growing interest in XRP exposure on Hyperliquid. The expansion highlights demand for seamless capital movement between the XRP Ledger, Flare, and HyperEVM.
Flare recently enabled direct FXRP bridging from Flare to HyperEVM. A dedicated FXRP bridge powered by Flare Smart Accounts is expected in the coming weeks, enabling one-click withdrawals from Hyperliquid back to the XRP Ledger.
