🚀 17/04/26 Crypto Update $BTC $77,400.15 (+3.23%) $ETH $2,428.15 (+3.71%) $SOL $89.14 (+0.31%) All green today 📈#GatePreIPOsLaunchesWithSpaceX

XRP Holders Now Have Direct Access to the Solana DeFi Ecosystem XRP Holders XRPUSD can now directly access the Solana DeFi ecosystem SOLUSD through wrapped XRP (wXRP), a 1:1 collateralized token that allows them to earn yield, swap, and lend-borrow without selling their native positions. This wrapped token is already active through the regulated custodian Hex Trust and the LayerZero cross-chain bridge, and is supported on Phantom wallet, Jupiter Exchange, Meteora, Titan Exchange, and byreal_io. New DeFi Options Without Leaving XRP For holders who have mainly stored XRP for payments and cross-border settlements, wXRP opens a new layer of utility. By depositing native XRP through Hex Trust’s official channels, users will receive wXRP on Solana and can use it in liquidity pools, lending protocols, and decentralized exchanges. Each wXRP represents one native XRP locked in a separate custodial account. This token is minted upon deposit and burned upon withdrawal, ensuring the total supply always matches. Holders can redeem and return to Ledger XRP at any time. This also means wXRP can be traded against Ripple’s RLUSD stablecoin on supported chains, giving holders more pairing options to manage their positions. Risks to Consider for XRP Holders Although using regulated custodians, wXRP still exposes users to third-party risk with Hex Trust as an external custodian. Cross-chain bridges, including LayerZero’s OFT standard, have historically experienced exploits despite LayerZero’s architecture aiming to avoid unregulated intermediaries. The minting, bridging, and participation in DeFi also involve fees and potential slippage. For large deposits, Hex Trust may require KYC and AML verification according to their compliance procedures. wXRP does not replace native XRP ownership on the XRP Ledger for settlement purposes. Nevertheless, wXRP provides a compliant pathway for holders to access one of the most active DeFi ecosystems without sacrificing their core XRP exposure. Despite this news, XRP and Solana prices only rose slightly, by 2% and 0.9%, respectively. At the time of publication, XRP was trading at US$1.49, while SOL was at US$89.72.