Top Exchange Makes Big XRP Announcement

In a significant development for XRP holders, Uphold has announced the forthcoming launch of XRP staking in partnership with the Flare Network, set to commence in the second half of 2025. This initiative will enable users to stake their XRP holdings and earn rewards in XRP, marking a notable expansion of utility for the digital asset. The announcement was highlighted by crypto analyst Kenny Nguyen on X, bringing attention to this strategic move by Uphold. BREAKING NEWS: Uphold just announced that through the exchange and Flare … in the 2nd half this year … we can stake $XRP and earn $XRP . Also, they are launching a credit card to lend against your crypto assets. Thank you my live reporter @crypto_crazy1 #XRP pic.twitter.com/P4SQ29qD2W — Kenny Nguyen (@mrnguyen007) May 30, 2025 XRP Staking Comes to Uphold The collaboration with Flare Network is pivotal, as Flare has been actively integrating XRP into its decentralized finance (DeFi) ecosystem. Through the introduction of FXRP, a tokenized version of XRP, Flare has unlocked DeFi functionalities such as staking, lending, and borrowing for XRP holders. This integration allows XRP, traditionally limited in DeFi applications due to its non-smart contract nature, to participate in yield-generating activities within the Flare ecosystem. Flare’s infrastructure supports various DeFi protocols, including DEX liquidity management, lending and borrowing platforms, and automated trading strategies. The network’s growth has been substantial, with Total Value Locked (TVL) reaching $80 million, a significant increase from the previous year. Real-world assets and liquid staking now account for over half of Flare’s TVL, indicating a strong demand for yield-bearing assets and flexible staking options. Crypto-Backed Credit Card Launch In addition to staking, Uphold is expanding its services by introducing a crypto-backed credit card through a partnership with Exa. This card will allow users to take out crypto-secured loans, spendable via the credit card, and earn yield on their holdings. Initially targeting the Latin American market, this offering aims to provide increased liquidity and integrate seamlessly with Uphold’s platform. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 This launch reflects a growing movement within the cryptocurrency industry where exchanges and fintech platforms are bridging digital assets with everyday financial services. Uphold’s credit card offering not only allows users to maintain exposure to their crypto portfolios but also taps into the broader demand for credit solutions that leverage digital asset collateral. Expanding Crypto Utility and Accessibility Uphold’s initiatives come amid a broader trend of integrating traditional financial services with cryptocurrency assets, providing users with more versatile tools for asset management. The ability to stake XRP and utilize crypto-backed credit options represents a significant step in enhancing the utility and accessibility of digital assets for everyday financial activities. As the crypto landscape continues to evolve, Uphold’s strategic partnerships and service expansions position it as a forward-thinking platform, catering to the growing demands of cryptocurrency users seeking diversified financial solutions. With the anticipated rollout of XRP staking and its innovative credit card, Uphold is setting a notable example of how exchanges can create new opportunities for passive income and liquidity, reinforcing XRP’s place in the expanding DeFi world. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Top Exchange Makes Big XRP Announcement appeared first on Times Tabloid .

Source: TimesTabloid