TLDR
- Binance launches $800K XRP rewards for eligible RLUSD holders
- Hold RLUSD and trade to qualify for Binance’s weekly XRP payouts
- Binance starts four-week XRP airdrop campaign for RLUSD users
- RLUSD holders can earn weekly XRP under Binance reward program
- Binance boosts RLUSD adoption with $800K XRP reward campaign
Binance has introduced an $800,000 XRP airdrop campaign for eligible RLUSD holders across selected platform products. The program will run from July 17 through August 14 and distribute weekly XRP rewards every Friday. Moreover, Binance aims to encourage RLUSD activity while expanding participation across its Earn, Margin, and Futures services.
Binance Sets RLUSD Holding and Trading Requirements
Binance limited participation to users who hold RLUSD in eligible Earn, Margin, or USDⓈ-M Futures accounts. Users must maintain at least 0.01 RLUSD and meet an average daily Margin or Futures trading volume of $500. Furthermore, qualifying trading volume can come from any trading pair when RLUSD serves as collateral.
The campaign calculates rewards using each user’s qualifying RLUSD balance throughout every week. Binance will use the lowest hourly balance recorded each day to determine the daily qualifying balance. Consequently, the platform will calculate weekly rewards using a seven-day average balance and the applicable effective annual percentage rate.
Binance will distribute all rewards directly to eligible users’ Spot accounts under their master accounts. The exchange will complete distributions by 18:00 UTC every Friday during the campaign period. Additionally, users can review completed payouts through the platform’s distribution history section.
XRP Rewards Include Borrowed RLUSD Adjustments
Binance applies separate calculations to RLUSD obtained through borrowing other stablecoins within Margin accounts. The exchange reduces the borrowed RLUSD balance by applying a 60% haircut after accounting for outstanding liabilities. This adjustment covers borrowing involving USDT, USDC, U, USD1 and FDUSD.
The reward formula also separates original RLUSD holdings from leveraged balances created through borrowed stablecoins. Therefore, users holding only borrowed RLUSD without qualifying balances may receive no rewards. Users combining their own RLUSD with converted borrowed assets can still qualify under the adjusted calculation.
Binance also confirmed that broker accounts remain eligible for the XRP rewards without individual payout limits. Even so, the campaign excludes users in selected jurisdictions because of local regulatory requirements. Eligibility depends on both account activity and regional compliance rules.
RLUSD Activity Slows After Earlier Market Expansion
The campaign arrives as RLUSD records lower market activity following stronger growth earlier this year. Ripple’s dollar-backed stablecoin held a market capitalization of about $1.51 billion at publication after declining more than 10% in recent weeks. Its daily trading volume also dropped by roughly 6% during the same period.
Earlier in June, RLUSD reached a market capitalization above $1.81 billion after supporting around-the-clock settlement on the XRP Ledger with Mastercard. Market momentum weakened after delays involving United States crypto legislation. Lower expectations surrounding the CLARITY Act also reduced broader market enthusiasm.
Binance launched the campaign as RLUSD continues expanding its role across trading and collateral services. The weekly XRP distributions add another incentive for users maintaining qualifying RLUSD balances throughout the promotional period. Consequently, the initiative combines stablecoin usage with recurring digital asset rewards while following defined eligibility rules.
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