Binance Offers $800K in XRP Rewards for RLUSD Holders

Binance has launched a new campaign to attract holders of its stablecoin, RLUSD. The campaign offers a total reward pool of $800,000 in XRP and runs from September 25 until October 23.

The rewards will be distributed on October 2, October 9, October 16, and October 23, with payments made every Friday by 18:00 UTC. To qualify, users must hold at least 0.01 RLUSD in eligible accounts and maintain their holdings throughout the campaign.

Binance will calculate weekly rewards using the user's average qualifying balance over seven days. Users who increase their RLUSD holdings can also earn extra rewards with a 1.3x multiplier applied to the reward calculated on that incremental amount.