The Revolutionary mXRP: A New Era of XRP Investment
In a groundbreaking event at the XRP Seoul 2025 conference on September 21, Axelar introduced an innovative concept that could revolutionize XRP investment strategies. This announcement centered on a new yield-bearing token, mXRP, which aims to establish itself as a consistent, programmatic purchaser of the XRP asset, promising what promoters have dubbed “infinite buying power.” The presentation, branded with the intriguing slogan “The Infinite Money Glitch,” outlined a closed-loop mechanism designed to bolster XRP purchases, enhance liquidity on the XRP Ledger (XRPL), and attract more DeFi integrations and capital to the network.
Unveiling the mXRP: A Game Changer for XRP
Prior to the unveiling, Axelar hinted at this new direction in a September 10 announcement, highlighting the upcoming launch of a yield-bearing XRP product powered by Axelar and a prominent EU-regulated tokenization platform. Those with significant XRP holdings were invited to express their interest. On the day of the event, Leo Wu, DeFi Business Development Lead at Axelar, succinctly described the initiative: “gmXRP @axelar + @MidasRWA — Infinite buying power for XRP.”
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Impact on the XRP Community
The XRP community has reacted enthusiastically, with early responses focusing on the promised returns. Panos Mekras, co-founder and CEO of Anodos Labs, expressed optimism, stating, “mXRP will likely be the biggest catalyst this quarter to drive significant adoption and activity on XRPL. A 10% annual percentage yield on XRP through DeFi yield and simply holding mXRP is substantial.” He further suggested that an XRP/mXRP liquidity pool could dominate XRPL volumes, offering liquidity providers almost no risk of impermanent loss while benefiting from fees and yield. Although these expectations remain speculative, they underscore the excitement surrounding mXRP’s potential impact.
Understanding mXRP and the Roles of Axelar and Midas
Publicly available materials describe mXRP as a liquid, yield-bearing representation of deposited XRP. Users deposit XRP in exchange for mXRP, whose value grows through strategic investments using pooled collateral. The project structure is attributed to Midas, a European tokenization platform, with Axelar providing cross-chain infrastructure and a Korean digital-asset manager handling strategy operations. Emphasizing advanced strategies and auto-compounding, mXRP is framed as a perpetual buyer of XRP, enhancing XRPL liquidity and ecosystem strength.
Axelar’s Integration with XRPL
This initiative aligns with Axelar’s broader efforts to integrate with XRPL. In June, Axelar announced its first cross-chain connectivity for the XRP Ledger EVM Sidechain, enabling wrapped XRP as native gas and linking XRPL with over 80 networks and cross-chain applications via Squid. Axelar has also promoted earning on-chain yields, starting with XRP and Stellar, providing context for how a yield-bearing XRP wrapper could drive liquidity and strategic execution across various platforms.
The Infinite Buying Power Concept
The core concept behind “infinite buying power” is straightforward: demand for minting mXRP programmatically drives XRP purchases as base collateral, while compounding yields expand the collateral pool over time. Integrations requiring mXRP/XRP liquidity generate continuous order flow, creating a positive feedback loop where increased mXRP usage leads to deeper XRP liquidity. This enhanced liquidity attracts more integrations, bringing additional capital on-chain.
At the time of writing, XRP is trading at $2.81.
Conclusion: A New Chapter for XRP Investments
The introduction of mXRP marks a significant step forward for XRP investments, offering the potential for increased liquidity, yield opportunities, and broader adoption within the DeFi space. As this innovative product gains traction, its impact on the XRP ecosystem could be substantial, ushering in a new era of growth and integration.
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