Overview
- Binance announced on Wednesday that it will run a four-week campaign from July 17 through Aug. 14 that distributes $800,000 in XRP via weekly Friday payouts to participants' Spot wallets.
- To qualify, users must hold RLUSD in eligible Earn, Margin, or USDⓈ-M Futures accounts and maintain at least 0.01 RLUSD plus an average daily Margin or Futures trading volume of $500.
- Rewards are calculated from each user’s lowest hourly balance each day and then averaged over seven days to determine the weekly XRP payout.
- RLUSD created by borrowing other stablecoins in Margin accounts faces a 60% haircut after liabilities are calculated, broker accounts are eligible without per-account caps, and some countries are excluded for regulatory reasons.
- The incentive targets weaker RLUSD activity after the token’s market cap fell from about $1.81 billion in June to roughly $1.51 billion and builds on Ripple’s recent integrations such as Mastercard settlement and x402 Foundation membership.