News
Public · Published
Bybit Launches RLUSD Phase 3 With 800,000 XRP Rewards
Bybit has renewed its RLUSD rewards program with up to promotional APR, 800,000 XRP in bonuses and zero-fee RLUSD-USDT spot trading.
Published:
Updated:
What happened
Bybit has renewed its RLUSD rewards program with up to promotional APR, 800,000 XRP in bonuses and zero-fee RLUSD-USDT spot trading.
Confirmed
Global impact / market context
The rewards make holding RLUSD on Bybit more attractive because users earn extra yield, which is profit from holding, and pay no fees when trading RLUSD against USDT.
Analyst inference
This program rewards users with XRP and promotes RLUSD, a stablecoin, which is a token designed to keep a steady value, possibly drawing trading activity and cash to Bybit.
Analyst inference
What to watch
- Bybit offers promotional APR on RLUSD, which means an annual percentage reward, plus zero-fee RLUSD-USDT spot trading. Confirmed
- Bybit could extend or expand the RLUSD rewards program beyond Phase 3, changing how much yield users earn on RLUSD holdings. Proposed
- If traders move cash into RLUSD on Bybit to capture rewards, rivals may copy similar XRP bonus programs to keep customers. Analyst inference
Affected assets
- APR — Capricorn
- RLUSD — Ripple USD
- USDT — Tether
- XRP — XRP