Bybit Expands RLUSD Program to $50M Milestone with XRP Rewards

The upgraded campaign shifts the incentive structure by introducing daily rewards paid in both RLUSD and XRP. Bybit has removed lock-up periods and subscription requirements, allowing users to accrue interest simply by holding the stablecoin in their accounts. The program’s growth signals significant appetite for frictionless, USD-backed yield products.

Participants holding assets for 30 days or longer now qualify for a 2x multiplier on the XRP portion of their returns. These additional rewards are facilitated through Ripple’s incentive program, which aims to drive liquidity across the XRP Ledger and Ethereum ecosystems. With RLUSD backed by a segregated reserve of cash equivalents and redeemable at a 1:1 ratio, the exchange positions the offering as a stable, regulated alternative for investors seeking to bridge traditional cash security with on-chain financial opportunities.