Perpetual

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A new product was launched at XRP Seoul 2025, designed to act as a constant buyer of XRP. At the event, Midas and Interop Labs announced the start of mXRP, a tokenized version of XRP that can earn yield while staying fully transferable. The model recycles returns back into XRP, which experts say could generate intense yearly buying pressure and help support the market. 

mXRP Launch To Create Constant Demand For XRP

The mXRP token is created as an ERC-20 asset on the XRP Ledger’s EVM sidechain, allowing holders to use it across various DeFi platforms. Unlike other XRP yield products that keep funds inside closed accounts, mXRP is transferable and can move across lending pools, liquidity venues, and other platforms.

The primary goal of mXRP is to utilize XRP tokens that are currently unused and integrate them into active DeFi strategies. Holders can earn a base yield of 6–8%, with all returns paid directly in XRP. The launch on stage at XRP Seoul 2025, before more than 3,000 XRP holders, is closely watched by the audience, demonstrating the high interest in this first-of-its-kind product for XRP. 

mXRP stands out from other yield products. While companies like Flare, MoreMarkets, Bitrue, and Doppler already offer XRP yield accounts, those services keep funds locked in one place. Midas and Interop Labs believe that the open and portable design of mXRP allows it to grow faster and serve more uses. They also argue that this launch could mark the beginning of a new phase for DeFi on the XRP Ledger, where yields are currently very low, often below 1%.

‘Perpetual Buyer’ Model Set To Inject $700 Million Of Yearly Pressure

The unique part of mXRP is its “perpetual buyer” design. In this system, the yield collected from different strategies is recycled and reinvested in buying XRP, and the holders receive it directly. Axelar co-founder Georgios Vlachos explains that this creates a loop where the product becomes a constant buyer of XRP.

As more users adopt mXRP, the impact on the XRP market could be massive. Should the assets under management reach $10 billion by 2026, the model could generate $700 million in yearly buying pressure for the market at a 7% yield. Platforms like Strobe Finance could see liquidity rewards rise above 5% after the launch of mXRP. At the same time, Midas, which already manages over $1.2 billion in tokenized assets, shows that it has the experience to back this type of product.

Even though access will not be open in the U.S., U.K., or in sanctioned areas, many view the launch at XRP Seoul 2025 as a crucial step forward. With its “perpetual buyer” structure, the product could alter the way demand for XRP develops in the years to come. 

Token price suppressed by bears | Source: XRPUSDT on TradingView.com

Featured image from DALL.E, chart from Tradingview.com

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