The Exactly Protocol-powered product lets users in select U.S. states post XRP as collateral for a credit line, distinguishing it from Uphold's debit cards that spend directly from account balances.
Uphold launched the Exa Credit Card on August 6, 2026, giving XRP holders in select U.S. states a way to borrow against their tokens instead of selling them. Built on Exactly Protocol, the product lets users deposit XRP as collateral, draw a credit line and choose a repayment plan, marking a shift from Uphold's debit cards, which spend directly from balances of crypto, stablecoins and precious metals. The structure can help holders keep exposure to XRP and potentially avoid selling into a taxable event, but it also adds the usual risks of crypto-backed lending, including interest costs and possible liquidation if the token's price drops far enough.