mXRP Launches as a New Liquid Staking Token Offering Up to 8% Yields for XRP Holders

At XRPL Seoul 2025 on September 22, 2025, a significant new product called mXRP was unveiled. This innovative liquid staking token is designed for XRP holders who want to earn attractive yields on their holdings, with potential annual percentage yields (APY) ranging from 6% to 8%.

mXRP was developed by the teams at Midas and Interop Labs leveraging the XRP Ledger EVM through Axelar, combining both on-chain and off-chain asset management strategies to maximize returns. By staking XRP through mXRP, holders can now put their previously idle tokens to work, earning returns while maintaining liquidity.

Currently, mXRP is available exclusively to customers based in Europe and Asia. This move aligns well with XRP's market context, as XRP is trading around $2.80 with a market capitalization of approximately $168 billion. The product's aim is to seamlessly integrate with existing decentralized finance (DeFi) platforms, thereby enhancing the utility and productivity of XRP holdings in the fast-growing DeFi space.

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With the arrival of mXRP, XRP holders have a new opportunity to diversify their yield strategies and participate more actively in the DeFi ecosystem. This launch marks another step forward in bringing more innovation and financial opportunities to the XRP community and the broader crypto market.