- Uphold working on yield feature for XRP, meeting community demand.
- Flare’s FXRP enhances XRP’s role in DeFi ecosystem.
- REX-Osprey launches XRP and Dogecoin ETFs, boosting institutional interest.
Uphold is actively working to introduce one of the most requested features for XRP holders: the ability to earn yield on their XRP holdings. According to a recent post on X, the company has acknowledged this demand and is making significant progress toward delivering it.
While the exact details remain unclear, Uphold has hinted that multiple promising solutions are under development.
As the demand for passive income options in the cryptocurrency space grows, XRP holders have expressed a desire to earn rewards on their assets. This move would allow XRP to serve not just as a payment tool but also as an investment vehicle, potentially attracting more institutional investors and long-term holders.
By offering a yield-generating feature, Uphold aims to expand XRP’s role within the growing decentralized finance (DeFi) ecosystem.
Incorporating yield on XRP would provide an opportunity for holders to earn returns without selling their assets, enhancing XRP’s appeal within the broader crypto market. This shift could change how XRP is perceived, aligning it more with other cryptocurrencies like Bitcoin and Ethereum, which already offer similar yield-generation options.
Also Read: Australia Proposes Legislation Requiring Crypto Exchanges to Hold Financial Licenses
Flare’s FXRP Expands XRP’s Role in DeFi
Alongside Uphold’s plans, Flare Networks (@FlareNetworks) has introduced FXRP, a feature that allows XRP to be used as collateral, liquidity, and a yield-generating asset within DeFi platforms. FXRP extends XRP’s utility, offering holders more ways to engage with the cryptocurrency in the rapidly growing DeFi sector.
Flare’s FXRP and Uphold’s upcoming yield feature signal XRP’s evolution into a more versatile digital asset, expanding its potential uses beyond simple transactions.
REX-Osprey Launches XRP and Dogecoin Spot ETFs
Last week, REX-Osprey™, a collaboration between REX Shares and Osprey Funds, launched the first-ever U.S.-listed exchange-traded funds (ETFs) offering direct spot exposure to Dogecoin (DOGE) and XRP.
According to a press release, these new products, trading under tickers DOJE and XRPR on the Cboe exchange, represent a landmark move toward bringing these major cryptocurrencies into regulated investment vehicles.
This launch opens new opportunities for investors to gain exposure to XRP and Dogecoin in a regulated and secure way, potentially attracting more institutional interest in the crypto space. By structuring these ETFs under the 1940 Act fund framework, REX-Osprey is providing a compliant avenue for traditional investors to access these assets.
Also Read: 20,000,000 XRP Moved – What’s Behind This Massive Transfer?
