Uphold, a major U.S.-based crypto exchange, has announced that it’s working on a new way for XRP holders to earn yield on their tokens. This is a big shift for XRP, which doesn’t have native staking like Ethereum or other proof-of-stake coins. Instead, it uses a consensus mechanism that doesn’t allow traditional staking. But now, through a partnership with Flare Network, that limitation may no longer be a problem.
Flare is a smart contract platform compatible with the Ethereum Virtual Machine (EVM). It supports FAssets, which are wrapped versions of assets like XRP. With this setup, users can wrap their XRP into FXRP and use it in Flare’s ecosystem. This opens the door to earning rewards through staking or other DeFi methods.
Uphold is testing this process and plans to let XRP holders try it out soon. In a recent post on X, the exchange invited the XRP community to prepare for a beta release. They said this new feature will bring XRP holders into the world of smart contracts and decentralized finance.
The partnership with Flare shows how XRP, a token often seen as limited to payments and transfers, is starting to expand into new areas of crypto. Flare confirmed the collaboration and said it will help build a DeFi ecosystem around XRP, which they’re calling “XRPFi.”
Even though the yield feature isn’t live yet, it’s already generating excitement. It means XRP holders could earn interest without giving up their tokens or switching to other blockchains. It also positions Uphold as one of the few exchanges that consistently supports XRP, even during the tough legal battle with the SEC.
At the same time, Uphold is launching a new feature for U.S. users called Direct Salary Deposit. Anyone who receives at least $250 of their paycheck through Uphold between June 2 and September 1, 2025, will get a 4% bonus paid in XRP. This is another way Uphold is encouraging people to hold and use XRP on their platform.
With these two updates, yield earning and salary rewards, XRP is gaining some fresh momentum. If the Flare integration works as expected, this could be the start of a broader push to bring XRP into the DeFi world. For a token that’s been focused on utility and payments, this is a promising new chapter.
Read also: This New Crypto Might Outshine Kaspa and XRP in 2025
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Read our recent crypto market updates, news, and technical analysis here.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
