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Crypto

Uphold nears launch of Earn on XRP yield service targeting 1.62 billion XRP

U.S. cryptocurrency exchange Uphold is nearing the launch of a yield service for XRP holders called Earn on XRP, blockchain outlet U.Today reported on Thursday. Chief Product Officer Paul Underwood said development is in its final stage and details will be released within weeks. Because the XRP Ledger does not support native staking, Uphold is considering DeFi lending protocols or partner networks. Underwood also said the company is pursuing a New York BitLicense.

Crypto

XRP holders can borrow RLUSD without selling as Flare\'s FXRP enters Ethereum loan collateral

A new route has opened for XRP holders to borrow Ripple’s stablecoin RLUSD without selling their holdings. Flare’s XRP-based asset FXRP was approved as collateral in Centora’s RLUSD main vault, marking the first inclusion of an XRP-based asset in an institution-screened Ethereum lending vault. Users can convert XRP to FXRP on Flare, move it into the Ethereum ecosystem and deposit it on Morpho to borrow RLUSD.

Crypto

3.4 million XRP vanishes in investor phishing case, warnings issued

Phishing attempts targeting XRP users are spreading, prompting XRP-related projects and wallet services to issue warnings. Xora Finance warned that fake websites mimicking Flare Network and other XRP brands are circulating. Its founder said a South Korean fraud group is targeting the XRP community. Seoul police said a fake Flare Network staking site stole 3.4 million XRP from 71 investors, with losses put at about $8.5 million.