๐ Big News for XRP Holders! ๐ช๐
Crypto platform Uphold is working on something thatโs catching the attention of the XRP community ๐
The company shared on X (formerly Twitter) that itโs exploring new ways to offer yield on XRP โ and has already started testing staking through the Flare Network ๐๐ฅ
๐ข More details about this testing phase are expected to be revealed soon, so stay tuned! โณ๐ฐ
๐งฑ Here's What You Need to Know:
Uphold launched its Vault self-custody wallet with XRP support back in late 2023 ๐๐ฒ
Flare Network is an EVM-compatible Layer 1 blockchain focused on cross-chain connections and real-time data access ๐๐ก
The launch of USDT0 (a cross-chain version of USDT) has caused Flareโs TVL (Total Value Locked) to surge dramatically
๐ณ More From Uphold:
They plan to bring back their crypto debit card in the U.S. ๐บ๐ธ (currently only available in the UK ๐ฌ๐ง)
In March, Uphold reintroduced staking rewards for U.S. users, covering 19 digital assets including ETH, SOL, and NEAR ๐๐ธ
And hereโs the exciting part: with the new โDirect Paymentโ feature, U.S. users can now earn:
๐ค 4% cashback in XRP
๐ต 5% in RLUSD (Rippleโs USD stablecoin)
๐ Bottom line: Uphold is clearly ramping up its XRP game โ with staking, rewards, and more ways to earn ๐ฅ
XRP holders, this might be a great time to keep your eyes on whatโs coming next! ๐๏ธ๐ #xrp #Ripple