Uphold will introduce XRP-backed loans in Florida from December 2025, enabling users to borrow against cryptocurrencies like XRP, Ethereum, Bitcoin, and USD Coin. This service, integrated with Exactly Protocol, allows users to earn yield on their holdings through an on-chain process. Announced on October 28, the initiative aims to enhance crypto utility by providing liquidity without asset liquidation. Uphold plans to expand this offering to additional U.S. states and global markets by early 2026.