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Binance and Bybit offer XRP rewards to holders of Ripple's stablecoin RLUSD to attract users.

Market News
24 Sep 2026, 15:08 WIB
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Neutral
Binance and Bybit offer XRP rewards to holders of Ripple's stablecoin RLUSD to attract users.

Binance and Bybit are running promotions that reward holders of Ripple's stablecoin RLUSD with XRP tokens. Binance's campaign offers $800,000 worth of XRP over four weeks starting September 25, while Bybit provides a separate promotion with 800,000 XRP tokens and zero-fee RLUSD/USDT trading until mid-October. These rewards aim to attract and retain RLUSD balances on their platforms, but do not guarantee increased XRP demand or stablecoin usage for payments. Binance excludes some regions like the US and UK from eligibility, and the campaigns differ in terms and duration.

XRP trades at Rp26,414 on Pluang as of September 24, 2026, 19:22 WIB, down 4.98% in one day. The market cap stands at Rp1.642,85 trillion with a 24-hour volume of Rp108,03 trillion. Pluang data shows 56% of orders are sell and 44% buy, with a typical hold time of 71 days. These figures provide current market context to the promotions by Binance and Bybit involving XRP rewards for RLUSD holders.

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