Bybit's RLUSD Hold & Earn Surpasses $50M AUC, Enters Phase 2 with Boosted XRP Rewards

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced that its RLUSD Hold & Earn program has surpassed $50 million in Assets Under Custody (AUC) just 11 days after launch. This initiative, launched in partnership with Ripple, offers users a simple and low-friction way to earn yields on their holdings.

The program's second phase retains the same user experience but introduces added benefits, including dual-token rewards and APR multipliers based on holding duration. Users can now earn both RLUSD at a competitive base APR and XRP with bonus APR daily, as well as receive up to 2x bonus on the XRP portion for maintaining their holdings for 30 days or more.

RLUSD is a USD-backed stablecoin issued by Ripple, natively issued on various blockchains and fully backed by a segregated reserve of cash and cash equivalents. As a regulated, reserve-backed digital asset, RLUSD offers the price stability of traditional cash in on-chain form.