Binance Launches $800,000 XRP Reward Campaign for RLUSD Holders

Binance has launched an $800,000 XRP reward campaign for eligible RLUSD holders. This incentive aims to encourage users to utilize Ripple's stablecoin on the exchange.

The campaign ran from July 17 through August 14, with XRP rewards distributed every Friday. To qualify, users needed to maintain at least 0.01 RLUSD in eligible Binance Earn or Margin accounts and record at least $500 in average daily Margin or Futures trading volume.

Borrowed RLUSD faced restrictions, with a 60% haircut applied to the leveraged portion. The effective APR changed throughout the campaign, ranging from 22.25% to 7.69%.