Uphold, the crypto platform known for its multi-asset trading services, announced on Friday that it is exploring yield-generating opportunities for XRP.
According to a post on X, the company is currently testing staking options via the Flare Network, marking a notable shift toward DeFi integration for the popular token.
“Welcome to the world of smart contracts and DeFi opportunities, #XRPArmy,” Uphold wrote. “Stay tuned for the beta.”
The move comes as Flare Network’s total value locked (TVL) recently surged, driven by the introduction of USDT0—a cross-chain version of Tether’s USDT stablecoin.
Leveraging Flare’s smart contract capabilities could open the door to new on-chain financial tools for XRP, which has traditionally lacked native staking or smart contract support.
In addition to staking, Uphold revealed plans to relaunch its crypto debit card in the United States. Previously limited to the UK, the card will be available in both physical and virtual formats, enabling users to directly spend digital assets from their Uphold wallets.
The two-pronged update signals Uphold’s intent to deepen its ecosystem offerings for both XRP holders and broader crypto users, blending yield generation with real-world utility.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/uphold-to-enable-xrp-staking-relaunches-u-s-crypto-card/