Bybit's RLUSD Program Surpasses $50M AUC, Launches Phase 2
Cryptocurrency exchange Bybit's RLUSD Hold & Earn program has surpassed $50 million in assets under custody. The program's second phase is now launching with boosted XRP-RLUSD rewards.
Cryptocurrency exchange Bybit has initiated the second phase of its RLUSD Hold & Earn program, following the first phase's success in accumulating over $50 million in assets under custody (AUC).
The program extends its partnership with blockchain company Ripple. Phase two introduces enhanced rewards for XRP and RLUSD deposits. The new campaign offers users a higher Annual Percentage Yield (APY) through specific products featuring XRP and RLUSD allocations.
Bybit is recognized as the world's second-largest cryptocurrency exchange by trading volume. The company focuses on providing its users with diverse investment opportunities within digital assets. RLUSD is a stablecoin designed to maintain its value relative to the U.S. dollar.
The second phase of the program aims to provide additional benefits and opportunities for users seeking to earn returns on their digital assets. Specific reward rates and campaign durations will be detailed on the Bybit platform.