Binance Launches XRP Rewards Program with 22.25% APR
Binance has launched an XRP rewards program, offering users a 22.25% APR on their RLUSD holdings.
The program incentivizes users to hold and trade XRP, which could attract more users and increase transaction volumes across the platform.
XRP holders can earn weekly rewards by holding RLUSD and trading, making it an attractive option for both retail and institutional investors.
Binance's initiative reflects a strategic focus on boosting transaction volumes and enhancing user engagement within its ecosystem.