The world of cryptocurrency continues to evolve, and one of the most exciting developments for XRP holders is on the horizon. Uphold, a leading digital asset platform, has announced a strategic partnership with Flare Network to enable XRP staking and unlock passive income opportunities for users. This collaboration marks a pivotal moment for the XRP ecosystem, opening doors to decentralized finance (DeFi) participation and yield generation — features previously out of reach due to the technical limitations of the XRP Ledger.
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Why XRP Couldn’t Support Staking — Until Now
Unlike proof-of-stake blockchains such as Ethereum or Solana, the XRP Ledger operates on a unique consensus mechanism that does not support native staking. This means XRP holders have traditionally been unable to earn rewards simply by holding or locking their tokens. While this design prioritizes speed and energy efficiency, it has limited XRP’s utility in the booming DeFi space.
However, innovation often finds a way — and Flare Network is providing the bridge.
Flare is an EVM-compatible blockchain designed to extend smart contract functionality to assets from non-smart contract platforms like XRP Ledger. Through its FAssets system, Flare wraps native assets into secure, trustless representations that can be used across DeFi applications.
In this case, XRP can be bridged to Flare and converted into FXRP, a smart contract-enabled version of XRP. Once users hold FXRP, they can participate in staking and other yield-generating activities directly on Flare’s decentralized protocols.
How Uphold Enables Yield for XRP Holders
Uphold is integrating this technology to allow its users to earn yield on their XRP without needing to navigate complex DeFi interfaces. By partnering with Flare, Uphold is simplifying access to XRPFi — the emerging financial ecosystem built around XRP.
Here’s how it works:
- Users deposit XRP into their Uphold account.
- Uphold facilitates the conversion of XRP to FXRP via Flare’s FAssets protocol.
- The FXRP is then staked on Flare’s network, generating yield over time.
- Users earn passive income while retaining exposure to XRP’s price performance.
While the feature is still in testing, Uphold has confirmed that a beta version will be released soon, allowing select users to trial the staking process. There is no official launch date yet, but anticipation is building within the XRP community.
“With FAssets preparing for mainnet launch, this collaboration paves the way for XRPFi, bringing utility & DeFi access to Uphold’s active XRP community,” said Flare Network in a recent statement.
This move aligns with growing demand for yield-bearing options among crypto investors. As more users seek ways to generate returns beyond simple price appreciation, platforms like Uphold are stepping up to meet that need — especially for assets like XRP that have long lacked native earning capabilities.
Expanding U.S. Crypto Services: More Than Just Staking
Beyond unlocking XRP yield potential, Uphold is making broader moves to strengthen its position in the U.S. market. The company recently announced the relaunch of its crypto debit card in the United States — a feature already popular among users in the UK.
The card allows users to spend their crypto holdings directly, with both digital and physical versions available. It supports seamless conversion at point-of-sale, making it easier than ever to use digital assets in everyday transactions.
Additionally, Uphold has restarted staking services for U.S. customers, now supporting 19 different tokens including Ethereum (ETH), Solana (SOL), and NEAR Protocol (NEAR). This expansion signals a renewed commitment to U.S. users and reflects the improving regulatory clarity surrounding crypto products in the region.
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Innovative Rewards: Earn XRP and Stablecoin Yield
Uphold is also introducing new incentive programs to attract and retain users:
- 4% XRP-back on salary deposits: Through its “Direct Salary Deposit” feature, eligible U.S. users can receive 4% of their paycheck in XRP when they set up direct deposit. This is believed to be the first such offering in the industry, combining traditional payroll systems with crypto rewards.
- 5% rewards on RLUSD: RLUSD is a U.S. dollar-pegged stablecoin issued by Ripple. Uphold users can now earn a 5% annual return on their RLUSD holdings, providing a low-volatility way to generate yield within the Ripple ecosystem.
These features not only enhance user engagement but also deepen integration between traditional financial flows and blockchain-based assets.
Frequently Asked Questions (FAQ)
Q: Can I currently stake XRP directly on the XRP Ledger?
A: No. The XRP Ledger uses a consensus algorithm that doesn’t support native staking. Yield generation for XRP requires third-party solutions like Flare Network’s FAssets.
Q: What is FXRP and how is it different from XRP?
A: FXRP is a wrapped version of XRP created on Flare Network using the FAssets protocol. It maintains a 1:1 peg with XRP and enables smart contract functionality, allowing it to be used in DeFi applications like staking and lending.
Q: Is staking XRP through Uphold safe?
A: While Uphold manages much of the technical complexity, users should understand that bridging assets involves counterparty and smart contract risks. However, Flare’s FAssets system is designed with security and decentralization in mind.
Q: When will Uphold’s XRP staking feature launch?
A: There is no official launch date yet. Uphold plans to release a beta version first for testing purposes. Users are encouraged to stay updated through official channels.
Q: Do I need to move my XRP off Uphold to use Flare’s DeFi apps?
A: Not necessarily. Uphold aims to provide a simplified, custodial experience so users can access FXRP staking without managing private keys or interacting directly with smart contracts.
Q: Are there fees associated with converting XRP to FXRP?
A: Conversion may involve network and service fees, though specific details will be shared by Uphold prior to launch.
The Future of XRPFi Is Taking Shape
The partnership between Uphold and Flare represents more than just a new feature — it's a step toward a more functional and inclusive XRP economy. By enabling yield generation, DeFi access, and real-world utility, this collaboration empowers XRP holders to do more with their assets than ever before.
As regulatory landscapes stabilize and infrastructure improves, we’re likely to see increased adoption of such hybrid models — where centralized platforms bridge users into decentralized ecosystems safely and efficiently.
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For long-time supporters of XRP, this moment feels significant. After years of being sidelined from major DeFi trends, the path forward is finally opening up — one wrapped token at a time.
Core Keywords: XRP staking, Flare Network, FXRP, Uphold exchange, XRPFi, FAssets, DeFi for XRP, crypto yield