Binance Extends RLUSD Campaign with 1M XRP Rewards

Binance has extended its campaign to reward holders of Ripple USD (RLUSD) for another four weeks, offering one million XRP as part of the promotion.

The new campaign began on August 14 and will run until September 11. To qualify, users must maintain at least 0.01 RLUSD in an eligible Earn or Margin account and record at least $500 in average daily Margin or Futures trading volume.

Borrowed stablecoin-funded RLUSD receives a 60% haircut when Binance calculates qualifying margin balances for rewards. One million XRP will be distributed across four weekly installments beginning August 21 to participants, with the next confirmed milestone being the first new XRP distribution on August 21.