- Uphold partners with Flare to let XRP holders stake via FXRP, bypassing native staking limits.
- Users can earn 4% in XRP from salary deposits and 5% on RLUSD stablecoin rewards.
A US-based exchange, Uphold, has confirmed that they will roll out a yield option for XRP token holders. The move has the potential to revolutionize the XRP use cases as it will give the token holders a chance to receive a return rather than keep the asset. The confirmation came through an official X post on the 30th of May, 2025.
Uphold is collaborating with Flare Network to enable this functionality. Flare, being a platform that currently supports the functionality of smart contracts, will enable XRP token holders to wrap their tokens into FXRP. The wrapped XRP tokens will then be stakable through the use of Flare’s platform. The action will unlock XRP to access decentralized finance tools such as yield farming, something that is currently off-limits because of its technical constraints.
XRP uses a consensus protocol, and thereby native staking is not possible. With Flare’s FAssets system, XRP has a workaround for engaging in yield-generating operations. Flare’s platform allows for staking through the process of converting XRP into a smart contract-compatible asset so that it can be used in DeFi structures.
Uphold Plans Yield Test as XRPFi Concept Takes Shape
The firm has not provided a timeline for the beta release or the launch. Nevertheless, the owners of XRP have been asked to remain vigilant for the beta release in order to test the feature. Flare Network publicly confirmed the partnership and said:
“With FAssets preparing for mainnet launch, this collaboration paves the way for XRPFi, bringing utility & DeFi access to Uphold’s active XRP community.”
Uphold’s support for XRP has held steady even under the uncertainty of regulatory conditions during the SEC suit against Ripple. The new action reinforces its standing among fans of XRP and mirrors industry patterns overall as exchanges seek methods to enhance token utility.
A separate feature launched on May 30, 2025, saw Uphold roll out a Direct Salary Deposit service. The feature will enable direct deposit of at least $250 of their salary into their Uphold account with a promise of earning 4% in XRP. The promotion will take place from June 2, 2025, until September 1, 2025.
Flare Partnership Expands Uphold’s Reach in DeFi
The reward for the salary deposit is in addition to the staking program. Users will even be allowed to receive 5% rewards for use of the RLUSD, the stablecoin from Ripple, the firm said. The amounts put Uphold among the limited platforms offering concrete return offers in relation to direct salary deposits and the use of stablecoins.
In March 2025, Uphold restarted staking operations in the United States following a halt, restoring incentives for 19 cryptocurrencies like Ethereum, Solana, and NEAR.
“Staking is a vital part of blockchain governance and the on-chain economy. Users should absolutely be able to support this activity and earn from that support,” said CEO Simon McLoughlin.
Uphold seems to be benefiting from a friendly regulatory environment in the United States under the Trump administration. This has made it possible for platforms like Uphold to bring back features like staking rewards that were previously restricted.
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