Bybit Launches RLUSD Stablecoin Rewards Program With Up to 7% APR and Zero Maker Fees

Bybit launched its RLUSD Hold & Earn campaign for eligible users from July 20 to August 19, 2026, offering promotional daily rewards at a dynamically adjusted APR of up to 7% on qualifying Ripple USD holdings without staking or lock-up requirements. The campaign includes zero maker fees and 0.04% taker fees on RLUSD/USDT spot trading, although actual rates may vary by region, and a 50,000 RLUSD trading competition from which institutional clients are excluded. Bybit said RLUSD's market capitalization had exceeded $1.5 billion in 2026 and specified that the Hold & Earn rewards are commercial incentives rather than interest, yield, or investment returns.

Bybit RLUSD Hold & Earn campaign launch

• ▪Account balances are snapshotted 24 times daily, with rewards calculated based on effective daily holdings capped at 5 million RLUSD per user.
• ▪To participate in the RLUSD Hold & Earn campaign, users must complete Identity Verification Level 1 and maintain a minimum balance of 1 RLUSD.
• ▪The RLUSD Hold & Earn campaign offers eligible users promotional daily rewards at a dynamically adjusted APR of up to 7% on qualifying Ripple USD holdings without staking or lock-up requirements.
• ▪Bybit launched a limited-time rewards campaign called RLUSD Hold & Earn, running from July 20, 2026, to August 19, 2026.

RLUSD stablecoin features and market capitalization

• ▪Bybit said Ripple USD's market capitalization had grown to over $1.5 billion in 2026, alongside integrations with exchanges, major banks, and financial institutions.
• ▪Bybit said Ripple USD is a US dollar-backed stablecoin issued by Ripple on the XRP Ledger, Ethereum, and other blockchains and redeemable 1:1 for US dollars.
• ▪Bybit said Ripple USD is fully collateralized by segregated reserves comprising US Treasury bills, USD deposits, and other cash equivalents.

Bybit trading fee reductions and competition

• ▪Institutional clients are eligible to participate in the Hold & Earn campaign but are excluded from the RLUSD Trading Competition.
• ▪Bybit introduced an RLUSD Trading Competition with a prize pool of 50,000 RLUSD for eligible users based on spot trading activity.
• ▪During the promotional period, Bybit reduced the advertised maker fee for the RLUSD/USDT spot pair from 0.10% to 0% and the taker fee from 0.10% to 0.04%, although the company said actual fee rates may vary by region.

Centralized exchange stablecoin liquidity competition

• ▪Blockchain Reporter characterized Binance, Coinbase, and Bybit as competing to attract stablecoin deposits through incentive programs tied to different dollar-pegged tokens.
• ▪Blockchain Reporter argued that Bybit's zero maker fee on the RLUSD/USDT spot pair could attract market makers, tighten order books, and redirect algorithmic trading flow.

Stablecoin regulatory context

• ▪Blockchain Reporter noted that the US stablecoin regulation debate remained unsettled and argued that legislation redefining securities or deposits could affect programs such as Bybit's campaign.
• ▪Bybit states that the RLUSD Hold & Earn rewards are promotional commercial incentives and do not constitute interest, yield, or investment returns.