XRP DeFi Staking Launched on Uphold Platform, Expanding Utility for Token Holders

XRP holders can now earn passive income through a new DeFi staking feature by partnering with Flare Networks. Uphold is facilitating this integration, allowing users to stake XRP and gain rewards. The program is currently in beta testing. This initiative utilizes Flare’s FAssets tool to enable smart contract interactions for non-smart contract tokens like XRP, expanding the potential of these tokenized assets. Uphold also plans to expand its crypto debit card to the US market.