Binance Boosts RLUSD Earnings with Impressive APR Figures

Binance has made significant updates to its product line for Ripple (XRP) investors. The exchange outlined the impressive APR of 22.25% that certain holders and traders of RLUSD, a stablecoin issued by Ripple, can earn.

The update is part of Binance's efforts to keep users engaged on the platform as investor interest has shifted elsewhere. RLUSD was initially listed at the start of the year and included a zero-trading-fee promotion for a certain period.

Binance added support for Ripple's XRP Ledger less than a month later, and in subsequent months, the stablecoin was added to Binance's Earn program, allowing holders to earn rewards. The latest update provides more details on what investors can actually earn.