EN ▼
Favorites
My Favorites
View All
Market Cap Price 24h%

Disclaimer: Content does not constitute investment advice. Trading involves risks—please invest with caution!

Bybit launches RLUSD reward program, 50,000 RLUSD prize pool is waiting for you to win

2026-07-21 12:07:28
Bookmark

Core Points

Bybit introduces a daily reward structure for RLUSD holders, and simultaneously launches transaction fee reductions and competitive prize pool activities. Ripple stablecoins have gained market attention with increased support from the exchanges.

Bybit launches RLUSD hold and earn program that provides daily incentives without having to lock in.

Cryptocurrency exchange Bybit has launched a comprehensive RLUSD promotion program that integrates daily hold rewards, discounted transaction fees, and a trading competition worth 50,000 RLUSD. The event will last until August 19, 2026 and is open to eligible platform participants. Bybit aims to increase participation in RLUSD during the event by incentivizing holding and reducing transaction costs.

Bybit introduces a daily reward mechanism for RLUSD holders

Bybit has launched the RLUSD Holding and Earning Program, which aims to encourage eligible participants to hold RLUSD in their platform accounts. Participating in the plan requires completing a level of authentication and maintaining a balance of at least 1 RLUSD. The plan can qualify for daily rewards without mandatory pledges or lockups.

Reward calculations use the lowest RLUSD balance detected in the hourly snapshot system 24 hours a day. This method tracks daily balances that are held continuously rather than temporary peaks. The daily reward is calculated by multiplying the effective daily holdings by the applicable daily annualized rate of return and dividing by 365.

The platform has also introduced a loyalty doubling system, which can improve eligibility for follow-up benefits through continuous holding behavior. However, once a participant's RLUSD balance is completely zero, its holding period will be reset to zero. Bybit sets a maximum of 5 million RLUSD on the eligible balance per participant.

Trading fee reductions launched simultaneously with competitive prize pools

In conjunction with the holding program, Bybit reduced trading fees for the RLUSD/USDT spot trading pair during the event. The platform reduced the pending order fee from 0.10% to zero, and the taking order fee from 0.10% to 0.04%.

Concurrent trading competitions provided a prize pool of 50,000 RLUSD. Eligible participants can participate by trading RLUSD spot market during the event. Institutional account holders are not allowed to participate in the competition, but can still enjoy the benefits of the Hold and Earn Plan.

The platform distributes daily RLUSD rewards to participants 'main account funds wallets at approximately 06:00 UTC every day. Rewards accumulated in sub-accounts will be transferred to the main account before final release. Bybit made it clear that these rewards are promotional incentives, not interest payments or investment gains.

Ripple stablecoins gain market attention amid increased support from exchanges

RLUSD is a fully collateralized U.S. dollar stablecoin launched by Ripple and can run on XRP ledgers, Ethereum and multiple blockchain ecosystems. The digital asset is fully mortgaged through segregated reserves of cash and cash equivalents. Users can convert RLUSD into U.S. dollars at a 1:1 ratio.

Since entering 2026, RLUSD has experienced significant growth, and its market value has exceeded US$1.5 billion. In addition to increased supply, the stablecoin has also established partnerships with cryptocurrency trading platforms, banking institutions and financial service providers. This expanding adoption consolidates its position in the regulated digital asset ecosystem.

Bybit limits participation in the event to qualified users on international platforms, while excluding regions and Islamic account types subject to service restrictions. In addition, borrowed RLUSD and balances held in certain products are not counted in the incentive calculation. The plan aims to increase participation in RLUSD and promote wider application of stablecoins by integrating holding gains, discounted transaction costs and competitive incentives.

Disclaimer:

All content published on this website, including hyperlinks, related applications, forums, blogs, and other media accounts, originates from third-party platforms and their users. CoinMarketInsight makes no representations or warranties of any kind regarding the website or its content. All blockchain-related data and materials are provided for informational and research purposes only and do not constitute financial, legal, or investment advice. Users and third parties are solely responsible for the content they publish. CoinMarketInsight shall not be liable for any losses arising from the use of this website. You should exercise caution and conduct your own independent research, review, analysis, and verification before making any decisions.

Read Full Article
More News
TOP

TOP