Binance's RLUSD XRP Rewards Campaign: A Boost for Ripple's Stablecoin

Binance has launched an $800,000 XRP reward campaign for eligible RLUSD holders, providing another incentive to use 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.

RLUSD held in Flexible Savings, or used as collateral in Cross Margin, Isolated Margin or Portfolio Margin accounts, could also qualify. However, users also had to complete KYC and live in an eligible jurisdiction.

The reward calculation used the lowest RLUSD balance recorded through hourly snapshots each day, with Binance applying the weekly effective APR to the seven-day average qualifying balance.