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

Bybit's RLUSD Hold & Earn program has reached a milestone of $50 million in Assets Under Custody (AUC) within just 11 days since its launch in July. The platform, which offers users a stable and low-friction way to earn yield on their holdings, has now entered Phase 2 with enhanced rewards.

In this new phase, eligible Bybit users can earn both RLUSD and XRP, with the latter's base APR multiplier increasing by up to 2x for holders who maintain their positions for 30 days or more. This means that participants can potentially earn up to 21.5% APR in XRP and RLUSD.

The partnership between Bybit and Ripple continues to drive growth and innovation in the space, with the two companies working together to bring more value to users. As a regulated, reserve-backed digital asset, RLUSD offers the stability of traditional cash in on-chain form, making it an attractive option for yield-seekers.

The success of Bybit's Hold & Earn program is a testament to the growing demand for stable and accessible financial opportunities. With its user-friendly interface and robust security features, Bybit is empowering individuals around the world to take control of their finances.