Uphold & Flare Team Up to Crack Open XRP’s Yield Vault—Banks Still Stuck in the 20th Century

Two crypto heavyweights just shook hands on a deal that could turn XRP into a yield-generating powerhouse—while traditional finance scrambles to keep up.

Uphold’s trading muscle meets Flare’s smart contract chops in a play to unlock dormant value for XRP holders. No more ’hodl and pray’—this partnership actually puts the asset to work.

The mechanics? Flare’s EVM-compatible chain will wrap and deploy XRP across DeFi protocols, while Uphold handles the fiat rails. Think of it as turning your grandma’s savings bonds into a high-frequency trading algorithm—minus the Wall Street middlemen taking their usual cut.

And the timing? Impeccable. Just as institutional FOMO hits crypto again, here comes a 0% interest rate workaround that doesn’t involve groveling to your local bank manager for a ’high yield’ savings account paying 1.2%.

• Uphold will let XRP holders earn yield through FXRP staking via Flare Network partnership.
• XRP staking uses Flare’s FAssets system, since XRP Ledger does not support native staking.
• Uphold offers 4% XRP-back on salary deposits, 5% RLUSD rewards, and restarts U.S. staking.

Uphold has confirmed a new feature that allows XRP holders to earn passive income on their holdings. In a post on X, the crypto exchange said it is working to enable yield earnings on XRP. This move is driven by increasing demand from users seeking returns on their XRP balances.

The company has partnered with Flare Network to make this happen. Flare’s smart contract system plays a key role, allowing XRP to function in ways the XRP Ledger does not support. Uphold plans to test XRP staking using Flare’s FAssets system.

Unlike ethereum and other proof-of-stake tokens, XRP has no built-in staking. It runs on the XRP Ledger, which uses a consensus mechanism that blocks native staking. This has limited XRP’s use in earning yields directly on-chain.

🚨 JUST ANNOUNCED!

You asked, we listened.

Uphold is exploring ways to unlock yield on $XRP, including testing XRP staking through @FlareNetworks FAssets.

Welcome to the world of smart contracts and DeFi opportunities, #XRPArmy.

Stay tuned for the beta.#Ripple #Flare pic.twitter.com/1M33bohTDm

Stake XRP Through Flare Network

Flare, a blockchain that supports Ethereum Virtual Machine tools, already supports XRP as a type of FAsset. This allows XRP to be used within DeFi. Users can lock their XRP through Flare’s system and receive FXRP in exchange. FXRP can then be staked on Flare to earn yield.

Uphold is still testing this process but sees it as a door for XRP holders to step into the world of yield-based finance. In its X post, Uphold invited the XRP community to explore “the world of smart contracts and DeFi opportunities.” This suggests that users will be able to access yield farming and other DeFi features through the exchange.

There is no launch date yet for the new product. However, the company has told users to watch for a beta version that will let them test yield earnings on their XRP. Flare Network confirmed the partnership and the upcoming feature.

Uphold Expands U.S. Crypto Services

In addition to that, Uphold said it will relaunch its crypto debit card in the U.S. The card, already in use in the UK, lets people spend crypto from their wallets. The card comes in both digital and physical forms.

In March, Uphold restarted staking for U.S. customers. This covers 19 different tokens, including Ethereum, Solana, and NEAR. It shows that the company is increasing its product lineup in the U.S., where more crypto firms see room to grow.

Uphold also announced a “Direct Salary Deposit” feature. This allows U.S. users to set up pay deposits and earn XRP as cashback. The company claims it’s the first to offer a 4% XRP-back option. In addition, it said users can get 5% rewards on RLUSD, a Ripple-issued stablecoin tied to the U.S. dollar.

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