Bybit Expands RLUSD Hold & Earn Program to Phase 2, Offering Dual Rewards in XRP and RLUSD
Bybit's RLUSD Hold & Earn program has surpassed $50 million in Assets Under Custody (AUC) within 11 days of its July launch. The initiative is now entering Phase 2 with enhanced incentives for users holding the stablecoin, including dual daily rewards in both XRP and RLUSD. The upgraded campaign introduces APR multipliers based on holding duration, offering up to a 2x bonus on XRP rewards for those who hold their assets for at least 30 days. The program requires no staking or lock-up periods, making it accessible and user-friendly for participants seeking stable yield opportunities in the crypto market. RLUSD is a USD-backed stablecoin issued by Ripple across multiple blockchains like Ethereum and XRP Ledger. Bybit's partnership with Ripple aims to provide users greater exposure to the Ripple ecosystem while maintaining transparency and regulatory compliance.
Tickers: $XRP
Topics: cryptocurrency earn_programs partnerships stablecoin