Bybit's RLUSD Hold & Earn Surges Past $50M in Assets Under Custody

Bybit's RLUSD Hold & Earn program has entered its second phase, building on its initial success that saw it accumulate over $50 million in Assets Under Custody (AUC) within just 11 days of launching in July this year. The revamped program now offers dual daily rewards in both XRP and RLUSD, with total annualized returns scaling based on holding duration.

The partnership between Bybit and Ripple has extended beyond the first phase, with the latter's milestone-based incentive program bringing XRP rewards to the Bybit community. This means that eligible users can earn not only competitive base APR in RLUSD but also bonus APR in XRP when they maintain their holdings for 30 days or more.

The user experience remains seamless, with no subscription or lock-up required. Holding RLUSD is all it takes to earn APR automatically, making it an attractive option for yield-seekers looking for stable and low-friction opportunities.