- Uphold introduces XRP yield through Flare’s FAssets, unlocking DeFi access.
- FXRP enables staking for XRP holders without altering original blockchain setup.
- Uphold offers 4% XRP rewards on salary deposits to boost platform engagement.
In a major shift that could change the perception of XRP as a static asset, U.S.-based crypto exchange Uphold is preparing to roll out yield-earning capabilities for XRP holders. This move marks a significant milestone for the XRP community, offering long-awaited access to decentralized finance (DeFi) features.
With this initiative, XRP may evolve from a hold-only token into one that generates passive income, aligning it with other yield-bearing digital assets. The exchange aims to meet growing user demand and bridge XRP to DeFi through a partnership with Flare Network.
XRP Enters the DeFi Arena via Flare’s FAssets
Unlike Ethereum and other proof-of-stake tokens, XRP does not natively support staking. It uses a consensus protocol that excludes traditional staking options. To overcome this limitation, Uphold has teamed up with Flare Network, an EVM-compatible Layer-1 blockchain that enables DeFi access for non-smart-contract assets.
Through Flare’s FAssets system, XRP holders can convert their tokens into FXRP, a wrapped version of XRP. This FXRP can be staked within the Flare ecosystem to earn yield, effectively integrating XRP into DeFi without altering the original XRPL infrastructure. This approach offers a secure and innovative method for users to engage in yield farming and other decentralized finance strategies.
Besides expanding functionality, this partnership reinforces Flare’s growing role in enabling interoperability between traditional crypto assets and smart contract platforms. Uphold is currently testing the process internally and hinted at an upcoming beta release. While no official launch date has been shared, the project is nearing readiness.
Uphold Doubles Down on XRP with Salary Incentives
In another push to strengthen XRP adoption, Uphold recently introduced a rewards program tied to salary deposits. U.S. users who deposit at least $250 of their paychecks into Uphold accounts will earn 4% back in XRP.
This limited-time offer starts on June 2, 2025, and ends on September 1, 2025. The initiative aims to encourage broader use of XRP while enhancing user engagement with Uphold’s financial services.
Moreover, this incentive complements the upcoming yield feature, giving users additional reasons to remain active on the platform. Uphold continues to stand by XRP even during uncertain regulatory times, further cementing its reputation as a pro-XRP platform.
