Uphold has partnered with Flare Networks to launch a brand new XRP product for the coin’s holders. This product will enable customers to earn yield on XRP, providing a brand new solution to work together with the coin past fundamental buying and selling. The transfer additionally highlights how the Ripple coin is seeing extra assist from platforms and corporations trying to leverage its utility.
Uphold and the Flare XRP Product
Uphold, a preferred buying and selling platform, has partnered with Oracle Protocol and Flare Networks to launch a brand new product centered on XRP. The product will work with Flare’s FAssets system, which is set to go live on the mainnet quickly.
It is important so as to add that it will enable XRP holders to earn yield on their tokens, which was not extensively obtainable earlier than.
Flare 🤝 @UpholdInc
We’re thrilled to companion with Uphold, one of many first exchanges exploring XRP yield on @FlareNetworks!
With FAssets getting ready for mainnet launch, this collaboration paves the way in which for XRPFi, bringing utility & DeFi entry to Uphold’s energetic $XRP group… https://t.co/hh4Jp3J0Gb
— Flare ☀️ (@FlareNetworks) May 30, 2025
The collaboration goals to make XRP extra helpful in the actual world by giving customers entry to Decentralized Finance (DeFi) options. This consists of utilizing XRP in new methods, similar to staking and incomes returns, which many different rival belongings already provide.
This launch additionally amplifies the time period “XRPFi” to explain the rising checklist of DeFi instruments tied to the XRP ecosystem. This opens up a brand new motive for Uphold customers to carry the coin, particularly as its conventional use grows.
XRP and Institutional Adoption Growing
Webus International has shared plans to lift $300 million utilizing loans and different non-equity financing.
The cash will go towards constructing an XRP reserve to assist its world transport and fee providers. The firm plans to make use of the XRP Ledger to assist decrease transaction prices and velocity up worldwide transfers. The plan additionally consists of constructing wallets and loyalty techniques tied to XRP.
VivoPower additionally introduced it is launching an XRP treasury strategy. The firm raised $121 million in personal funding to assist its position in growing extra XRP merchandise within the XRPL house. It is additionally one of many companies suggesting the Ripple coin could also be among the many few digital belongings that may very well be included in a future U.S. authorities reserve.
XRP ETF and Price Outlook
According to CoinMarketCap knowledge, XRP, at the moment the fourth-largest cryptocurrency, is buying and selling at $2.20. The worth of XRP has dropped 7% prior to now 24 hours, triggering $23 million in lengthy place liquidations.
This sharp decline has damaged XRP’s 18-day tightening vary, resulting in a brand new sample of decrease highs and decrease lows.
In associated XRP information, the U.S. Securities and Exchange Commission is now reviewing WisdomTree XRP ETF proposal. The fee is searching for to gather public suggestions on points like investor safety and market dangers.
This is a part of a proper course of that offers the SEC as much as 240 days to approve or reject the ETF software. If accredited, it will be one of many first spot XRP ETFs within the U.S., giving the asset much more mainstream credibility.
Godfrey Benjamin
Benjamin Godfrey is a blockchain fanatic and journalists who relish writing about the actual life purposes of blockchain know-how and improvements to drive normal acceptance and worldwide integration of the rising know-how. His wishes to teach folks about cryptocurrencies evokes his contributions to famend blockchain primarily based media and websites. Benjamin Godfrey is a lover of sports activities and agriculture.
Disclaimer: The introduced content material might embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty on your private monetary loss.
