Bybit's RLUSD Hold & Earn Surpasses $50M AUC Milestone

Bybit's RLUSD Hold & Earn program has reached a significant milestone, surpassing $50 million in Assets Under Custody (AUC) within just 11 days of its launch in July. This innovative product allows eligible users to earn rewards by holding RLUSD, a USD-backed stablecoin issued by Ripple, with no staking or lock-up required.

The program's second phase introduces several enhancements, including dual daily rewards in both XRP and RLUSD, as well as APR multipliers for holders based on volume and duration of holding. Users who maintain their holdings for 30 days or more can receive up to 2x bonus on the XRP portion, effectively doubling the potential total APR.

The partnership with Ripple brings significant benefits to Bybit users, enabling them to tap into the Ripple ecosystem assets with confidence. RLUSD is a regulated, reserve-backed digital asset that offers the price stability of traditional cash in on-chain form, making it an attractive option for those seeking stable, low-friction yield opportunities.