Exchange Launches $800K XRP Rewards Program for RLUSD Holders

A major cryptocurrency exchange has launched an $800,000 XRP rewards program to incentivize RLUSD stablecoin holders. The promotion runs from July 17 to August 14 and requires participants to maintain balances and meet trading volume criteria in Earn products, Margin trading, and Futures markets.

To qualify, users must hold at least 0.01 RLUSD and trade $500 daily on average. Weekly XRP rewards will be distributed every Friday to their Spot wallets. Borrowed RLUSD positions receive adjusted calculations, but some jurisdictions are excluded due to regulations.

The program aims to boost RLUSD engagement amid recent market declines and regulatory uncertainties. By offering digital asset incentives alongside stablecoin use, the exchange seeks to encourage greater participation in its Earn products.