Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has introduced a limited-time promotional event for Ripple USD (RLUSD). The campaign, running from now until August 19, 2026, combines daily holding rewards, reduced spot trading fees, and a trading competition with a total prize pool of 50,000 RLUSD.
The Hold & Earn component allows eligible users to earn daily rewards simply by maintaining a minimum balance of 1 RLUSD in their Bybit account, with no staking or lock-up required. Rewards are calculated based on 24 hourly snapshots taken each day, using the lowest recorded balance to determine effective holdings. The daily payout follows the formula: effective daily holdings × daily APR ÷ 365. Additionally, a loyalty multiplier increases eligibility for future rewards, but the holding period resets if the RLUSD balance ever drops to zero. Each user's eligible balance is capped at 5,000,000 RLUSD.
During the campaign, Bybit has slashed trading fees for the RLUSD/USDT spot pair: maker fees are reduced from 0.10% to 0%, while taker fees drop from 0.10% to 0.04%. In parallel, the 50,000 RLUSD Trading Competition invites eligible spot traders to compete for a share of the prize pool based on their RLUSD trading activity. Institutional clients are excluded from the competition but remain eligible for Hold & Earn rewards.
RLUSD, Ripple’s fully reserved U.S. dollar-backed stablecoin, operates on the XRP Ledger, Ethereum, and other blockchains. Its market capitalization has surpassed $1.5 billion in 2026, fueled by growing institutional integrations with exchanges, banks, and financial institutions. Bybit’s initiative aims to further boost RLUSD liquidity and adoption by lowering barriers to participation and rewarding consistent holders. Rewards are distributed as commercial incentives, not as interest or investment returns.
