Native XRP swaps. No wrapper. No Moonpay. No Binance.
Swap XRP to BTC, ETH, or stablecoins directly from your XRPL wallet. Borrow stables against XRP without selling. Provide liquidity. Settlement is on-chain on both sides — no IOUs in between.
XRP
Native pool · settled on THORChain
Why this matters to XRP holders
- THORChain's XRP integration is new — and under-explained. Most XRP holders still equate "DeFi" with CEX-hosted staking or yield products. The native-XRP path is a different thing entirely: your XRP, your keys, no custodian.
- Self-custody swaps with no trust lines, no hosted wallet. Sign an XRPL payment with a memo from your own wallet; the counter-asset arrives on its own chain.
- Loans against XRP — a genuinely new category. The XRPL has an order-book DEX but no on-chain lending market. Rujira Money Market is the first way to borrow stables against native XRP without a centralized credit line.
- Concentrated LP on native XRP — also new. The XRPL's DEX is order-book based. Rujira AMM adds range-based LP for XRP, with capital efficiency that wasn't previously available on any XRP pair.
Concrete jobs you can do with XRP today
XRP on THORChain — what it actually is
The integration, the vaults, the trust model, and what "native XRP in DeFi" actually means.
Read the explainerSwap XRP to BTC — self-custody
Native XRP in, native BTC out. No exchange deposit, no KYC, no withdrawal queue.
Swap XRP to BTC Read the guideXRP to stablecoins — without a CEX
Quiet exit to USDC directly from your XRPL wallet. No deposit, no withdrawal.
Swap XRP to USDC Read the guideBorrow stables against XRP
Keep your XRP position, unlock stablecoin liquidity. New for XRP: on-chain loans backed by the native asset.
Borrow against XRP on Rujira Read the guideProvide concentrated XRP liquidity
Pick a price range, earn swap fees on XRP pairs. Concentrated LP on native XRP — new to the chain.
LP XRP on Rujira AMM Read the guideThree primitives that didn't exist for XRP before
Cross-chain native swaps
THORChain routes XRP to BTC, ETH, stablecoins, and other connected assets on-chain. The XRPL's own DEX only trades XRP-denominated pairs; THORChain adds the rest.
XRP-collateralized loans
Borrow stables against native XRP via Rujira Money Market . The XRPL has no on-chain lending market — Rujira is the first one for native XRP.
Concentrated LP
Provide liquidity with user-set price ranges via Rujira AMM — a category the XRPL's order-book DEX does not offer.
Questions XRP holders ask
What is THORChain's XRP integration, exactly?
THORChain is a cross-chain settlement network that holds native assets in validator-run vaults and routes swaps through RUNE-paired liquidity pools. XRP is now one of those native assets — XRPL transactions go to and from a THORChain vault directly. No IOU, no hosted wallet, no bridge contract on another chain.
Can I swap XRP to BTC without an exchange?
Yes. You sign one XRPL payment to the THORChain inbound address with the swap memo; the BTC lands at a Bitcoin address you specify. No Coinbase, no Binance, no Moonpay between your XRP and the counter-asset.
Can I borrow stablecoins against XRP?
Yes — this is new for XRP. Rujira Money Market accepts native XRP as collateral and extends stablecoin loans against it. The XRPL has its own DEX but no lending market; until Rujira shipped, borrowing against an XRP bag meant a CEX line of credit. Now it doesn't.
Can I LP native XRP?
Yes. Rujira AMM supports concentrated-liquidity LP positions on native XRP, with user-picked price ranges and fee tiers. This is a new category for XRP — the XRPL's native DEX is order-book based and does not offer concentrated AMM positions.
Is my XRP wrapped, or does it leave the XRPL?
Your XRP stays on the XRPL until it reaches a THORChain vault. There is no WXRP, no bridge IOU, and no custodian-issued token. The counter-asset comes out on its own native chain — BTC on Bitcoin, USDC on Ethereum, and so on.
What XRPL wallets work?
Any self-custody XRPL wallet that can sign a standard XRP payment with a memo — Xaman (XUMM), Crossmark, Ledger via XRP Toolkit, and similar. No proprietary wallet, no trust line required.