XRP Holders May Soon Earn Yield as Uphold Tests New Rewards System

Uphold, a digital finance platform known for its crypto-friendly services, is taking new steps that could reshape how XRP holders earn passive income.

In a recent update, the company revealed it is testing yield-generating features for XRP through the Flare Network, a move that could expand utility for the digital asset.

Although details remain limited, Uphold confirmed that internal trials are underway and promised to provide further updates on the progress of its Flare-based staking pilot. Flare, a Layer 1 blockchain compatible with Ethereum’s virtual machine, has been gaining traction for its focus on cross-chain functionality and data access. Following the introduction of USDT0—Flare’s multi-chain variant of Tether—TVL on the network has surged, positioning it as a growing ecosystem for DeFi applications.

Uphold has previously shown strong support for XRP, launching its Vault self-custody wallet with XRP functionality in late 2023. Now, the platform appears to be doubling down on offering XRP users more tools to generate value beyond basic holding.

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Meanwhile, the company is preparing to relaunch its crypto debit card in the U.S. The card, currently only available in the UK, is expected to integrate seamlessly with Uphold’s broader suite of services. Earlier this year, the platform reinstated staking rewards for U.S. users on nearly 20 cryptocurrencies, including heavyweights like Ethereum, Solana, and NEAR.

In addition to staking, Uphold has introduced a “Direct Payment” feature, offering U.S. customers 4% cashback in XRP and 5% in RLUSD—Ripple’s dollar-pegged stablecoin—on eligible transactions.

With its growing focus on XRP yield products, expanding debit card offerings, and broader staking support, Uphold is positioning itself as a more versatile platform for crypto users seeking both utility and rewards.