Bybit launches Phase 4 of RLUSD Hold & Earn program

Bybit has announced the fourth phase of its RLUSD Hold & Earn program, which features a prize pool of 1.3 million XRP. The program, powered by Ripple, allows eligible users to earn daily rewards in both RLUSD and XRP by holding the USD-pegged stablecoin in their accounts.

Participants can earn RLUSD at a base APR of up to 3.75%. Additionally, a bonus reward in XRP is available, which includes a multiplier of up to 2x for users who hold RLUSD continuously for 90 days or more. The program requires no staking, lock-up, or subscription, and rewards are distributed daily to those holding a minimum of 1 RLUSD.

Furthermore, Bybit is maintaining zero maker and taker fees for the RLUSD/USDT spot trading pair throughout this phase. RLUSD is a stablecoin issued by Ripple that is collateralized by USD deposits, U.S. Treasury bills, and other cash equivalents to maintain a 1:1 peg to the U.S. dollar.