Uphold Unveils XRP Yields and Launches Crypto Card in the US
This article is machine translated
Show original
Uphold announced that it is testing a yield feature for XRP, including staking through Flare Network – an EVM-compatible Layer 1 blockchain supporting inter-chain connections. "Welcome XRPArmy to the world of DeFi and smart contracts," Uphold shared on X, along with a promise to soon launch a beta version.
Previously, Uphold had launched a self-custody Vault with XRP support from the beginning. Recently, Flare Network also attracted attention by launching USDT0 – the omnichain version of USDT.
Additionally, Uphold will relaunch its crypto debit card in the US after testing in the UK. The card allows users to spend digital assets from their wallet, in physical or virtual form.
In the context of increasingly open policies in the US under President Trump, Uphold is one of many companies taking advantage of this opportunity. In March, Uphold restored staking features for US users with 19 assets, including ETH, Solana, and NEAR.
Uphold's CEO, Simon McLoughlin, shared: "Staking is core to blockchain operations. Users should be supported and benefit from this."
Finally, Uphold revealed it will launch a "Direct Salary Receive" feature with rewards in the US – including a 4% cashback in XRP and a 5% bonus for users holding Ripple's RLUSD stablecoin.
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content