Uphold is preparing to roll out a significant update that could change how XRP holders interact with their assets. The crypto exchange has confirmed it is working on a feature that allows users to earn yields on XRP, opening new opportunities for holders beyond simple storage.
According to a recent post by Uphold on X, the company is exploring yield-generating options by testing XRP staking through Flare Network’s assets. This is due to rising interest from XRP holders who want to see more chances to use their tokens on the XRP Ledger.
Contrary to proof-of-stake, XRP validates transactions through a consensus mechanism that has no built-in staking feature. Uphold is collaborating with Flare Network, a Layer-1 platform that enables Ethereum-compatible smart contracts. By collaborating, XRP will be reshaped as FXRP and can be staked inside Flare to earn income.
This way, users will be able to transfer their XRP, receive FXRP instead, and benefit from DeFi tools designed for Flare. Instead of just holding XRP, it can now be used to earn rewards, which could encourage more people in the community to participate.
🚨 JUST ANNOUNCED!
You asked, we listened.
Uphold is exploring ways to unlock yield on $XRP, including testing XRP staking through @FlareNetworks FAssets.
Welcome to the world of smart contracts and DeFi opportunities, #XRPArmy.
Stay tuned for the beta.#Ripple #Flare pic.twitter.com/1M33bohTDm
— Uphold (@UpholdInc) May 30, 2025
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XRPFi and DeFi Integration Set to Reshape Token Utility
Flare Network has confirmed the collaboration and announced that the FAssets system is nearing its mainnet launch. This will play a key role in what the project describes as the beginning of “XRPFi,” bringing DeFi functionality directly to XRP holders on Uphold.
While a specific date for the beta release has not been announced, Uphold has encouraged the XRP community to prepare for testing soon. The beta will give users a chance to try the yield functionality before the main network release.
Apart from the yield feature, Uphold is now giving its U.S.-based customers another reason to use the platform. At least 4% in XRP will be added as a bonus to Direct Salary Deposit users who receive $250 or more from their salary through the platform.
It begins on June 2, 2025, and will continue until September 1, 2025.
The XRP Army will find more utility in cryptocurrencies as Uphold prepares to launch its XRP yield feature. With Flare’s smart contract network, the exchange plans to provide DeFi services to a very active crypto community.
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