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5 hours ago
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ARTICLE AD BOX
- 750,000 FXRP were minted in just four days, thanks to the new Core Vault feature on Flare’s FAssets v1.1.
- Core Vault lets agents unlock collateral faster, solving previous minting slowdowns on the Flare network.
In just four days, 750,000 FXRP were successfully minted through Flare’s new system, FAssets v1.1. This improvement is a sign that the integration of Core Vault technology has indeed had a major impact on efficiency in Flare’s DeFi ecosystem.
Core Vault Unlocks Fresh Flow for FXRP Minting
The FAssets system was originally designed to bridge assets from traditional networks such as XRP so that they can be used in the DeFi world. But in its initial version, FAssets was hampered. The cause? The asset minting agent—which supplies FLR collateral—hit capacity limits.
As a result, the minting process was hampered. This problem is quite frustrating for users who want to immediately mint FAssets when demand is high.
— Flare Devs (@FlareDevHub) May 19, 2025
Well, FAssets v1.1 brings a new solution called Core Vault. In essence, this is a kind of ‘smart vault’ built directly on the original blockchain of the asset.
In the case of FXRP, this Core Vault is located on the XRP Ledger network. The way it works is quite clever, where agents can deposit XRP to a special address, then the Flare system immediately releases the previously locked FLR collateral. As a result, they can print again without having to wait long.
Furthermore, this Core Vault does not store funds carelessly. There is a multisignature mechanism that ensures that no one party can access the vault alone. In fact, funds that are not used in daily operations will be automatically locked in escrow. Just imagine if the traditional financial system had a mechanism as cool as this—faster, safer, and more transparent.
USDT0 Integration Gives Flare a Major Liquidity Boost
On the other hand, Flare does not seem to only focus on FXRP. As we have previously reported, they have also successfully integrated the omnichain stablecoin USDT0 via Stargate Finance.
This means that users can now send USDT from Ethereum and USDT0 from networks such as Arbitrum, Berachain, Ink, and Sei directly to Flare—without having to bother bridging assets, and what’s more interesting: no additional fees.
Also, on May 12, 2025, Flare’s Total Value Locked (TVL) skyrocketed. In just a matter of days, its value rose from around $64 million to over $155 million. The main driver? Again, USDT0. The stability and speed of access of this stablecoin make Flare more attractive to market players.
Not only that, USDT0 can now also be traded directly on Kraken since May 5, 2025. The presence on a major exchange like Kraken makes USDT0 more accessible and its liquidity is also boosted. One small step for integration, but the effect spreads throughout the Flare ecosystem.
In terms of its underlying assets, FLR has still experienced a slight decline in the last 24 hours—around 4.37% to around $0.01888. However, in the last 30 days, its performance has continued to increase by more than 15%. Its market cap is around $1.2 billion, with a Fully Diluted Valuation (FDV) of around $1.95 billion.
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