Uphold, a U.S.-based digital asset platform, recently drew the attention of the XRP community by revealing significant details about its XRP holdings.
Overview of Uphold's XRP Holdings
Uphold reported it controls a total of $4.644 billion in XRP, significantly higher than the previously mentioned $3.7 billion. This week, the platform shared an image of its holdings, confirming its claims.
Commitment to Transparency
Uphold highlighted its commitment to transparency, describing itself as '100%+ reserved' and stating it does not lend customer funds, keeping all assets accessible. They emphasized that their obligations and assets are visible, subject to routine audits in the U.S.
Support for XRP on Uphold Platform
Uphold has consistently supported XRP, even when many other exchanges delisted it. They reported that XRP transactions account for over 26% of its total transaction volume, confirming high activity levels and user engagement with the token.
Thus, Uphold continues to strengthen its market position by maintaining transparency and customer confidence in the XRP asset.
