Flare (FLR) is a decentralized network that aims to connect the traditional finance industry with cryptocurrencies. The project's primary objective is to unlock the value of locked assets using its native token, Spark (FLR), allowing users to earn from their assets without selling them.
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The Japanese Yen (JPY) is the official currency of Japan and one of the most traded fiat currencies worldwide. Issued by the Bank of Japan (BOJ), the yen plays a crucial role in global finance, particularly in foreign exchange markets and international trade. As a safe-haven currency, JPY is often sought after during economic uncertainty. In the crypto world, JPY is used as a trading pair on some exchanges and has inspired stablecoins like JPY-backed digital assets.