Flare's Plans For XRP Just Became CLEAR (ACT NOW!)

Summary

Flare Network's strategic plans for the XRP ledger and the introduction of Tether's USDT0 highlight significant advancements in the crypto space. The podcast episode featuring Hugo Fillian—from Flare Network—touches on their collaboration with Kraken and how USDT0 could revolutionize cross-chain transactions. By integrating with Flare's Fsets ecosystem, USDT0 aims to enhance DeFi opportunities on the XRP ledger. This initiative signifies a potential shift in XRP's functional landscape, bridging the gap with major players like Ethereum and Bitcoin in the decentralized finance arena.

Highlights

• Flare Network partners with Kraken and Tether to enable new cross-chain opportunities. 🔄
• USDT0 is designed to be a multi-chain stablecoin, ensuring broader accessibility. 🌍
• Flare's integration might make DeFi accessible on the XRP ledger. 📊
• Layer Zero is instrumental for Flare's interoperability goals. 🧩
• Flare aims to position XRP alongside Ethereum and Bitcoin in DeFi. 🔥
• Potential for cryptobacked loans using XRP is on the horizon. 💳

Key Takeaways

• Flare Network's vision could transform XRP into a DeFi powerhouse. 🌟
• USDT0, Tether's new stable coin, is set to bridge multiple blockchains via Flare. 🔗
• Flare is gearing up to introduce DeFi capabilities to the XRP ledger. 🌐
• Kraken and Layer Zero are key partners in Flare's expansive strategy. 🤝
• XRP may unlock novel financial products with enhanced DeFi infrastructure. 🚀
• Stablecoins are expected to further propel XRP's utility and integration. 📈

Overview

The Flare Network is making waves as it sets out an ambitious plan to bring DeFi functionality to the XRP ledger, potentially revolutionizing how decentralized finance ecosystems operate. Collaborating with big names like Kraken, they've introduced Tether's USDT0—a stablecoin designed to function across multiple blockchains—highlighting their commitment to enhancing blockchain interoperability.

USDT0, a groundbreaking stablecoin backed by Tether, is set to transform the way we think about cross-chain transactions. By integrating USDT0 into the Flare Network's ecosystem, there's potential for a whole new suite of financial products on the XRP ledger. Flare's strategic move puts it up against heavyweights like Ethereum, hoping to unlock XRP's full DeFi potential.

With the looming introduction of DeFi capabilities, XRP's functional landscape is poised for a radical shift. Flare's endeavors suggest the dawn of innovative cryptobacked financial instruments and increased liquidity. As stablecoins continue to play a crucial role in DeFi's evolution, XRP stands to benefit significantly, opening doors to new investment and utility avenues.

Chapters

• 00:00 - 00:30: Introduction to Flare Network and Recent Developments The chapter discusses recent developments within the Flare Network, highlighting their vision for the XRP ledger. Notable events include the appearance of Hugo Fillian, the founder of Flare Network, on the Decipher podcast with Jack Naywald. Key topics include Flare's new relationship with the crypto exchange Kraken and the launch of Tether's new stable coin USDT0 on the Flare network.
• 00:30 - 01:00: Vision for XRPL and Introduction to USDT0 The chapter discusses the integration of the XRP ledger into the Fsets ecosystem and introduces Hugo's new plan for XRPI. The conversation is deemed interesting and exciting. The speaker is Wade, the host of the DHN Crypto Podcast, who has been involved in the cryptocurrency space since 2019.
• 01:00 - 01:30: Wade's Background and Channel Goals In this chapter, Wade introduces himself and shares his passion for digital assets. He explains that the primary purpose of his channel is to share his knowledge about digital assets with his audience. Wade expresses a personal goal to grow his channel to 100,000 subscribers by Christmas and encourages viewers to support this goal by subscribing. In return, he offers a 'DHN blockchain starter kit' for newcomers to the blockchain space.
• 01:30 - 02:00: Blockchain Starter Kit and Master Sheet Introduction The chapter introduces a comprehensive 'Blockchain Starter Kit and Master Sheet', which is designed to be a vital resource for anyone looking to delve into the blockchain industry. It includes a curated collection of resources and links to various news outlets and crypto networks to help users stay updated on the latest developments in the field. Additionally, the author provides personal insights to aid in understanding the vast amount of information related to blockchain technology, emphasizing that blockchain goes beyond just cryptocurrency and is a major aspect of modern business.
• 02:00 - 03:00: Flare Network's Partnerships and USDT0 Discussion The chapter discusses the Flare Network's role in the new financial system and introduces the concept of the D20 index. The current version of the financial system master sheet, which includes initial organizations associated with Flare Network, is highlighted. Readers are encouraged to download the existing sheet for valuable information, with an improved version expected later in the summer.
• 03:00 - 04:00: USDT0 as a Multi-Chain Stable Coin The chapter discusses the role of USDT0 as a multi-chain stable coin and highlights notable relationships with major companies including Google Cloud, Red Date Technologies, and the Universal Digital Payments Network. The chapter mentions the involvement of these entities with stable coins, offering insights or clips from an interesting interview whose complete version is available through a link in the description.
• 04:00 - 05:00: Tether's New Stable Coin and Its Implications In the chapter titled 'Tether's New Stable Coin and Its Implications,' the discussion kicks off with a marketing angle emphasizing the value of visibility and public engagement, highlighted through a positive mention of Hugo's willingness to do interviews. The chapter briefly detours into a functional overview through an audio-visual segment lasting roughly a minute, setting the stage for an in-depth exploration of Tether's new stable coin offerings, specifically USDT Zero and USDTO, and their integration onto the Flare network. This introduction promises a deep dive into technological and financial implications.
• 05:00 - 06:00: USDT0's Technical Advantages and Crosschain Liquidity USDT0 is an interoperability protocol designed for Tether, utilizing the Layer Zero technology. It's considered a new version of Tether, highlighting advancements in its technical framework and crosschain liquidity support.
• 06:00 - 07:00: New Vision for XRPI and DeFi on XRPL The chapter titled "New Vision for XRPI and DeFi on XRPL" discusses the expansion of XRPI across multiple blockchain networks. A key focus is on the heavy reliance on USDT0 due to its high interoperability, which allows seamless movement across different chains such as Flare, Arbitum, and potentially others. The chapter explains that this interoperability is a critical reason for choosing USDT0, despite having alternatives like Stargate USDT, which also offers a degree of interoperability. The chapter likely continues to explore strategies and implications for DeFi on XRPL.
• 07:00 - 08:00: Flare's Role in Bringing DeFi to XRPL Flare Network is actively facilitating the integration of decentralized finance (DeFi) into the XRP Ledger (XRPL). By supporting interoperable forms of USDT (Tether), it allows users to transact and deposit Tether seamlessly across different chains, specifically on Flare, making it more accessible and functional for DeFi purposes. This is further supported by exchange backing, enhancing its usability and appeal.
• 08:00 - 09:00: Comparison of Ripple's and Flare's Strategies This chapter discusses the strategies of Ripple and Flare, focusing on how Flare has taken Tether's new stablecoin and made it multi-chain. The original intention for USDT0 was to be multi-chain, leading to the observation that Flare is trying to compete with Circle in terms of accessibility.
• 09:00 - 10:00: Flare's Interoperability and DeFi Potential The chapter discusses the functionality and features of a new stable coin, comparing it to USDC, which is integrated with platforms like Coinbase, Uphold, and Gemini. The discussion highlights that, unlike USDC, Tether has not yet achieved the same level of integration. However, it's mentioned that Tether might be usable through Binance.
• 10:00 - 11:00: Role of Stable Coins in Financial Inclusion The chapter discusses the potential role of stable coins, particularly Tether, in financial inclusion, particularly outside of the United States. It mentions plans to introduce a US-acceptable stable coin with the help of companies like Kraken and Layer Zero. Layer Zero is highlighted as an important player for the Flare network.
• 11:00 - 12:00: Technical Issues and Blockchain Technology Education The chapter discusses the integration of different blockchain chains through F assets, highlighting the notable achievement of bridging over $2 billion in USDT0 volume since its launch in January. It emphasizes the live implementation of this technology on popular chains such as Arbitum and Optimism.
• 12:00 - 13:00: Encouraging Financial Inclusion through Blockchain The chapter discusses the impact of blockchain technology on financial inclusion. It highlights the role of different blockchain platforms such as Kraken's own chain, Optimism, Link, Arbitrum, Uni Chain, Barra chain, Mega E, and Flare. Jesse Pow, a significant figure in blockchain development, is mentioned as being instrumental in advancing these technologies. The importance of staying informed about emerging chains and platforms is emphasized for those interested in financial technology advancements.

Flare's Plans For XRP Just Became CLEAR (ACT NOW!) Transcription

• 00:00 - 00:30 So yes, it is time we take another look at the Flare Network. Ladies and gentlemen, recent news sheds a little bit more light on their vision for the XRP ledger. Recently, Hugo Fillian, Flare Network founder, appeared on the Decipher podcast with Jack Naywald. Now, they talked about a lot of things, including their new relationship with premier crypto exchange Kraken, as well as the launch of Tether's new stable coin USDT0 on the Flare network and how it
• 00:30 - 01:00 incorporates or integrates into the Fsets ecosystem. And to that point, it's actually where the XRP ledger comes up in the discussion. As we'll learn in this episode, Hugo's new plan for what they call XRPI. It's pretty freaking interesting. Can't wait to share it with you. So, welcome. My name is Wade. You're listening to another edition of the DHN Crypto Podcast. I've been in the space since 2019 and I've researched over a
• 01:00 - 01:30 thousand digital assets. But the number one reason I sit here in front of this camera next to this eloquent microphone is to share all that knowledge with you. All I'm asking in return, you hit that like button for me or subscribe if you find value. I I do have a goal. I would like to see the channel hit 100,000 subscribers maybe by Christmas. Consider it as your gift to me. And in exchange, I got something for you here. If you're new to the space, this DHN blockchain starter kit that I put together, man,
• 01:30 - 02:00 I'm telling you, you will thank me for it later. It's all I'm saying. It not only has a collection of resources, links to various news outlets, crypto networks, so that way you get kind of get a pulse of the industry, but I've also added my own insights to kind of help you digest the enormity of information that you're going to get when you get involved with blockchain. Okay, crypto is one thing, blockchain, that's big business. And then this pairs
• 02:00 - 02:30 well with the new financial system master sheet which you can see the flare network is promptly presented. Now this is the initial organizations that were a part of this sheet now that we are tracking what I like to call the D20 index. There will be an improved version of this coming out later this summer. Feel free to download the master sheet in its current version because it's still very good information on it. Especially for Flare, you get a you get
• 02:30 - 03:00 an idea of some of the biggest relationships that they have like Google Cloud, Red Date Technologies, and the Universal Digital Payments Network, which also is heavily involved with stable coins. So, with that guys, let's hop over into this story because we're going to start with one of the clips here. here. I just want to share it with you. And again, I'll leave a link to this entire interview. Excuse me in the description cuz it was it was pretty interesting. I do like this as well.
• 03:00 - 03:30 Just a little add this tidbit in here from a uh product marketing advertising perspective. Hugo don't hesitate to do an interview. I like that about him. All right. Because the more you show your face, the more people feel comfortable with you. So, let's hop into the clip. It's about a a minute or so and then we'll be right back and we're going to dive into more details about the USDT zero USDTO on to Flare network. Talk to me
• 03:30 - 04:00 about um why that's important. USDT0 um so uh USDT0 is effectively an interoperability protocol that is built for Tether. Um, and it's powered by layer zero. Um, and effectively I think, you know, I'd be so bold as to say it's basically the new version of Tether in in terms of how uh that how Tether is
• 04:00 - 04:30 expanding across chains. Okay. Um, you know, looks to me like they're doing it heavily through USDT0. Um, and the really the critical reason we went for USDT0, there two critical reasons. one, it's highly interoperable, so you can move it across chains from Flare to Arbitum to I think corn and they're they're building out very very quickly across many chains. The critical thing for us was we wouldn't have done that because we already had Stargate USDT. We didn't that's fairly interoperable. Um
• 04:30 - 05:00 but we didn't, you know, that wasn't sufficient to get us over the line. Also, it's supported by exchanges. Mhm. So, it's not just that, you know, this is a form of interoperable USDT that is uh great for DeFi. It's also that people can basically use it as if it was Tether, meaning that they can they can deposit their Tether in Tether on whatever chain supports Tether, uh, but they can deposit their Tether as USDT0 seamlessly on Flare.
• 05:00 - 05:30 So, it appears to me that Flare basically took Tether's new stable coin and made it multi-chain. Now, I looked at the documentation for this USDT0, and the original intention was for it to be multi-chain, and that made me think of, well, it seems as though they're trying to compete with Circle on the accessibility tip, because the description that he gave about the uh
• 05:30 - 06:00 functionality and the features of this new stable coin sounds a lot like what USDC already has in place with Coinbase uphold and uh well, Gemini has their own stable coin, but USDC is also on Gemini as well, whereas Tether up until this point ain't really had that. They not they didn't really have that. You can't spend Tether with your Coinbase card like you can USDC. I believe you can do it through Binance,
• 06:00 - 06:30 but it's not happening in the United States, which is another reason why Tether, this may be that US uh acceptable stable coin product that they were looking to introduce. Now, Kraken is uh helping them get this off the ground as well as the company layer zero. And I believe if we go back to the master sheet, what do we see here? Layer Zero. So, layer zero is a very big player for the Flare network, helping
• 06:30 - 07:00 them connect to other chains outside of the existing connections that of course they already have through F assets. Let's read a little bit into this. So, this USDTO launched in January. Surprisingly, over $2 billion in USDT0 volume has been bridged across chains since launch. I called it O just like my mans did, but it's all right. It's live on some of the most widely adopted chains including Arbitum Optimism Inc. Inc. is Kraken's
• 07:00 - 07:30 chain. Missed out when Kraken launched their own blockchain, ladies and gentlemen. But if you know a thing or two about Jesse Pow, dude is a genius. Been around blockchain development pretty much since day one. So, uh, it's not surprising. It's really not. So, Optimism, Link, Arbitum, Uni Chain, which is Uniswap's chain. Watch out for that one. Say barra chain, mega e, and now flare. I do not know barra chain and
• 07:30 - 08:00 mega e. Don't ask me for no mega e content. But with the support of tether, layer zero, and stargate, USDT0 sets a new standard for crosschain stable coin liquidity. Design is a technical breakthrough for stable coin design. USDT0 offers a range of benefits to users, blockchain ecosystems, and exchanges. So, the short of it is this. Through Flare, well, with the addition of Flare, now this new stable coin from
• 08:00 - 08:30 Tether can connect to even more chains. And if it's being implemented into the DeFi sphere that Flair is looking to build or the F assets ecosystem, then that means that soon this could also live on the XRP ledger and begin to interact with the XRP ledger, which would ultimately open the door for maybe cryptobacked loans in the form of XRP or other financial instruments,
• 08:30 - 09:00 which through this story I learned that that's really what keeps Bitcoin and Ethereum ahead of the pack is because outside of the applications, of course more so on Ethereum than Bitcoin, but outside of the applications and everything else going on, there is a certain list of financial products, cryptobacked financial products that you're only getting exposure to through Bitcoin and Ethereum. Let's just say XRP is next in line
• 09:00 - 09:30 through the functionality that FSX provides. That would be pretty big. But to that point, let's hop back over here to the podcast. Got the second clip. Of course, I don't want to give too much away. This was a great episode through and through. Highly advise you to guys check him out. Follow him on X. Well, let's take a listen to the new vision for XRPI that Flair Network has. We set out to build this on interoperable chain.
• 09:30 - 10:00 Some of the chains that that really need interoperability are um you know in order to access DeFi. Probably the most uh you know viable one is one that has frankly at least as large if not you know given the day larger FTV than than than Ethereum right like but zero DeFi or very very little DeFi. Um because all DeFi is built for EVM and you know there just isn't a defi there's it's really
• 10:00 - 10:30 hard to do DeFi natively on on on the XRP ledger. Um, so we're gearing up for essentially building a fullyfledged DeFi ecosystem for XRP and that's fundamentally going to be driven I think by uh a protocol that we've funded uh being built by another party um that uh is is doing XRP restaking. Okay. So secure securing services and other
• 10:30 - 11:00 networks. So ass through reststaking protocol but with XRP issuing a liquid staking token on Flare. Um and that liquid staking token be going into the DeFi ecosystem. So you'll be able to borrow it against XRP. You'll be able to borrow it against dollars. You'll be able to you know do loops lending which is you know the a very desirable thing to do in DeFi. you'll be able to use XRP as collateral for loans, for purpose kind of things. So the the kind of
• 11:00 - 11:30 concept here or the the goal here would be to kind of unlock the several hundred billions of dollars. That's the that's the first step, right? That's like step one like frankly we Okay, I'mma leave that. You guys go check out the rest of that discussion cuz yeah, they're they're about to go there. But essentially guys, if you hold XRP or if you hold Flare, here's what you need to know. This man right here has found a way to bring DeFi to the XRP
• 11:30 - 12:00 ledger. And those are the things that I will cover when it comes to XRP. Like I I know everybody likes to get excited about price points and things like that. $25,000. That was a good one, Max. That was real funny. 25,000, 10,000, 589, all of that. I I I know about that, but there is so much more happening on the XRP ledger that if we put too much emphasis on that, we're going to miss this. People will see it in the charts
• 12:00 - 12:30 and in the price action when XRP and Flare start to move together. All right, XRP is already maintaining that $2 price level. Flare definitely needs to kick it up a notch. As a matter of fact, in our members group, Flare and XRP is part of the index of coins that we are tracking. their performance during this current we'll call it a rally over the last two weeks or so has been a little bit it's has been a little bit shaky but that shows us opportunity to get in right but
• 12:30 - 13:00 another thing I like about this and I believe I have another article that uh talks about the yes introduction to XRP DeFi it's written in uh May 2nd now of course they always start with the filler the backstory but let's dive dive into this right here. Because Flare is an EVM compatible layer 1 that was designed for interoperability through Flair's enshrined data protocols. Flare allows non-s smart contract assets like XRP to
• 13:00 - 13:30 be used trust trustlessly in DeFi. Flare has been committed to building this vision of XRP DeFi since day one to create an ecosystem that will empower XRP to reach its maximum potential. They go into directly describing this stable coin. As they say, stable coins, especially ones trusted already in the blockchain space, have been instrumental in taking this growing interest and turning it into actual capital. Because stable coins act as the cash equivalent
• 13:30 - 14:00 assets within DeFi ecosystems, they're widely available and increasingly interoperable. And today they're becoming foundational to opening pathways to more XRP utility. So folks, this is what Ripple should have done. Quite frankly, if they got all of these billions of dollars in the reserves, they should have just created they should have pro they should
• 14:00 - 14:30 have built something on the XRP ledger where Flair wouldn't even had to show up to be quite honest with you. That is all the more reason why I am excited about the Flare network and what they look to provide the XRP ledger because I know I champion Stellar the most. That's still my biggest hole. That's my number one asset. That's the favorite. That's my favorite network to research. But I like XRP because and I meant to add this too.
• 14:30 - 15:00 I've used the Stellar network just like I've used the XRP ledger. They are both just as fast. And when you want to move money from one spot to the another in an emergency situation, they both kick out the same amount of power. They doing the exact same amount of speed, you know. So, the one thing that was missing, much like what Stellar did with Sora, which introduced smart contracts, and now we see Stellar's got DeFi, Stellar's got tokenization, Stellar's
• 15:00 - 15:30 got a whole bunch of other things. Now that this these smart contracts, which is the key, unlocked the DeFi functionality. In XRP's case, they're strategically positioned because they have all the added liquidity sort of just like sitting there. It's just sitting there waiting to be completely unlocked, waiting for the floodgates to be open. Flare is trying to open them floodgates in collaboration with
• 15:30 - 16:00 Tether, which just makes that image that crypto airy posted last week. Ripple leadership, Tether leadership at the same round table. Look, I like the narratives that are lining up for this space around stable coins. Mainly because we know on this channel, all of this stable coin activity is a directive that was put
• 16:00 - 16:30 forth in 2020 by G20 Nations, Financial Stability Board, IMF, World Bank. We need to get these stable coins in order because they could be just as powerful as fiat. And again, the whole point, at least the promise of stable coins is to give people who can't access typical dollars access to wealth
• 16:30 - 17:00 creation. Talk about a use case, right? So, with that guys, let me pull up the site here. And I know some of you have had some issues downloading the Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Gotta fix that. Oh man. Got to really fix that. Okay. So, no worries. The link will be repaired. I know what's going on. I'm using a redirect and I'm just going to go straight to the source this time. But
• 17:00 - 17:30 links in the description still you can access this block master. that's through a different link. This is a 28page ebook that will give you the foundational information for blockchain technology. Putting this together helped me understand just how potent what Flare is looking to bring to the XRP ledger because you'll learn among many things in this PDF how smart contracts work and how powerful they are and what they can
• 17:30 - 18:00 unlock if you can implement them properly. all of the discussion around XRP over the last five to to since their origins. I don't know why anyone stopped along this way and implemented smart contracts on the XRP ledger. Stellar could do it. What's stopping the XRP ledger? But now we got Flare here. So, and then also guys, of course, don't forget your financial system master
• 18:00 - 18:30 sheet. Okay, once you access the link for the blockmaster, you'll see it is down here. Bam, right there. Master sheet, as well as the rest of our research, library, merchandise, things like that. So, with that guys, I'm done yapping. Let me know what you think down in the comments. And y'all know what time it is. If that money is digital, so is the hustle. [Music]