One of the top American exchanges has announced that one of the most requested services for XRP holders, earning yield, is nearing reality.
The announcement comes just as the Flare network’s long-awaited FAssets protocol goes live, creating fresh opportunities for XRP in decentralized finance (DeFi).
Uphold Teases XRP Yield Offering
In a post on X, Uphold revealed that earning yield on XRP has been among the most frequently requested features by its users. The team said it is “making steady progress” and now sees “several promising ways to deliver it”. This hints that the exchange will share more details soon.
Earning yield on $XRP has been one of the most requested features on Uphold.
We’re making steady progress, and now there are several promising ways to deliver it.
More to come. https://t.co/tavj3OqQxe
— Uphold (@UpholdInc) September 24, 2025
Notably, the timing aligns with a surge of activity in the XRP DeFi space, where Flare’s latest launch is giving the token the tools to generate on-chain yield.
Flare’s FAssets Launch Unlocks XRP DeFi
Flare has officially activated FAssets, a protocol that turns non-smart contract cryptocurrencies like XRP into DeFi-ready assets. Its first release, FXRP v1.2, is a one-to-one representation of XRP secured through a network of independent agents and Flare’s native data protocols.
FXRP allows holders to put their XRP to work in decentralized applications. It encompasses trading and lending, as well as stablecoin minting and liquid staking. Minting began with a week-one cap of 5 million FXRP. Interestingly, market participants exceeded the cap in just four hours. This underscores the heavy demand for DeFi-ready XRP.
5M XRP in 4 hours. pic.twitter.com/Mt8T7t220X
— Hugo Philion ☀️ (@HugoPhilion) September 24, 2025
To mint FXRP, users move their XRP to a self-custody wallet supporting both the XRP Ledger and Flare, such as Ledger or Bifrost, then mint FXRP through AU or Oracle Daemon.
For those who prefer not to mint, FXRP is also available on Flare-based decentralized exchanges like SparkDEX, BlazeSwap, and Enosys.
Security and Incentives Built In
Flare noted that security is central to FAssets. Specifically, the system has undergone four independent audits by firms such as Coinspect and Zellic. At the same time, it also ran Immunefi-powered bug bounties and community code reviews on Code4rena. Monitoring is provided 24/7 by Hypernative to ensure ongoing protection against threats.
To jump-start adoption, Flare is offering rFLR incentives to DeFi pools that meaningfully increase total value locked or boost on-chain activity. At launch, these include FXRP/USDT0 liquidity pools on SparkDEX, BlazeSwap, and Enosys with target APRs of up to 50%.
Firelight and stXRP
Meanwhile, Flare’s roadmap doesn’t stop at FXRP. Firelight, its upcoming liquid staking protocol, will enable XRP holders to mint stXRP. This yield-bearing version of XRP can earn up to 7% annual returns while staying liquid for borrowing and lending.
Energy company VivoPower has pledged $100 million in XRP to back the initiative, with Uphold joining as a key partner to provide access to FXRP.
This expansion of yield options highlights why Uphold’s own XRP yield plans arrive at a pivotal moment. Any upcoming feature from the exchange could integrate seamlessly with the growing DeFi opportunities on Flare, allowing retail users to earn yield in a secure, decentralized environment.
XRP’s DeFi Awakening Gains Pace
For over a decade, XRP has powered fast and efficient settlement at scale but lacked native smart contract functionality. Flare’s ecosystem, which combines FXRP, Firelight, and stXRP, is now giving XRP the same composability and yield potential in Ethereum DeFi.
Analysts like EasyA co-founder Dom Kwok believe that a true DeFi breakout, backed by institutional participation and XRP-focused ETFs, could even propel XRP to four-figure valuations.
