Uphold’s US president, Nancy Beaton, laid out a set of product changes aimed squarely at people who already hold XRP and other digital assets, and the details are specific enough to be worth walking through rather than summarizing in a headline.
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What Uphold is rolling out
The headline item is a DeFi lending pool built with Exactly Protocol, slated for launch in Q4. Alongside that, Uphold described a debit card offering cashback of up to 6%, rising to 10% with direct deposit, paid out in XRP rather than cash. Uphold also outlined 4% interest on USD deposits, with balances covered up to $2.5 million through FDIC insurance, plus tokenized deposits meant to combine real dollar balances with blockchain settlement and round-the-clock access.
Read the fine print on any of these before assuming they apply to you exactly as described: cashback rates, interest terms, and insurance coverage limits on crypto platforms tend to come with conditions (account tiers, minimum balances, geographic restrictions) that don’t always make it into a headline claim.
Why the SEC lawsuit history matters here
Beaton also addressed something worth noting for anyone tracking exchange risk: Uphold never delisted XRP during the SEC’s lawsuit against Ripple, unlike several other US exchanges that pulled XRP trading entirely during that period. That’s a meaningful data point if you’re evaluating exchange platforms on how they handle regulatory uncertainty, since it shows a willingness to hold a position through legal ambiguity rather than de-risk by dropping the asset.
What to actually check before using any of this
None of these product features are a reason to move funds without doing your own homework first. Verify the current terms directly on Uphold’s site, confirm what FDIC coverage actually applies to (typically USD cash balances, not the crypto holdings themselves), and treat any cashback or yield offer as a product feature that can change, not a fixed return.
Educational only, not tax, legal, or investment advice. Check primary sources and speak with a qualified professional before making financial decisions.
Part of our guide: XRP Explained.
