# What is FAssets

Developed by [Flare Labs](https://flarelabs.org/), FAssets brings verifiable economic security to BTC, XRP, and DOGE, enabling decentralized finance for these non-smart contract tokens on Flare. FAssets allows users to mint ERC-20 versions of these tokens in a trustless manner, unlocking their DeFi potential within dApps on Flare and other chains.

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Try FAssets on Coston(testnet): <https://fasset-beta.flarelabs.org>\\
