Binance extends RLUSD campaign with 1M XRP rewards

Binance has extended its rewards push around Ripple USD with another four-week campaign offering one million XRP to eligible RLUSD holders. Summary Binance extended its RLUSD rewards campaign through September 11 with one million XRP available overall. Eligible users need at least 0.01 RLUSD and $500 in average daily derivatives trading volume. One million XRP will be distributed across four weekly installments beginning August 21 to participants. Borrowed stablecoin-funded RLUSD receives a 60% haircut when Binance calculates qualifying margin balances for rewards. Ripple officially reported $1.59 billion of RLUSD circulating against $1.70 billion in reserve funds recently. The new campaign began at 00:00 UTC on Aug. 14 and runs through Sept. 11, according to the exchange’s updated announcement. Rewards will be distributed every Friday across four installments. The follow-on program started immediately after Binance’s first RLUSD campaign ended on Aug. 14. That earlier promotion offered $800,000 worth of XRP across four weekly distributions beginning July 17. As crypto.news previously reported, the first campaign tied XRP rewards to eligible RLUSD balances held through Binance Earn...