HomeCryptocurrencyBinance Has Big News for XRP Holders

Binance Has Big News for XRP Holders

Binance confirmed it is extending its RLUSD rewards campaign for four more weeks, raising the prize pool to 1 million XRP.

The announcement landed on X on August 15, posted from the official Binance account. Crypto commentator BankXRP (@BankXRP) amplified the news, pushing it to a community already watching XRP closely.

Binance is one of the largest exchanges in the world, and tying a reward pool of this size to the XRP ecosystem signals continued institutional confidence in what it can deliver.

What Binance Is Offering

The campaign runs through September 11. Binance will distribute 1 million XRP across four weekly installments, every Friday. The last reported 7-day APR on the program stood at 7.69%.

To qualify, users must hold at least 0.01 RLUSD in an eligible Earn or Margin account. They also need a minimum of $500 in average daily Margin or Futures trading volume. The trading volume can come from any supported pair, as long as RLUSD is used as collateral.

Binance calculates rewards using each user’s qualifying RLUSD balance. The lowest RLUSD balance recorded during hourly snapshots becomes the qualifying balance for that day. RLUSD acquired through borrowing other stablecoins receives a 60% haircut in the calculation.

A Bigger Pool Than Round One

This is not Binance’s first RLUSD campaign. The exchange launched the original program on July 17, offering $800,000 worth of XRP across four weekly distributions. That campaign ended on August 14. The new one began immediately after, with a noticeably larger reward pool.

The campaign excludes users in the U.S., UK, Canada, Japan, and several EEA jurisdictions. For eligible participants, distributions continue every Friday through September 11.

XRP Activity Rises Alongside the Campaign

On-chain data from Santiment shows XRP registered 49,929 active addresses within a single 24-hour period. That figure represents the network’s highest activity level in over two months. Earlier in July, XRP Ledger activity had dropped near 2026 lows, a stark contrast to the previous year.

The extension of the RLUSD campaign coincides with that uptick. More users holding RLUSD on Binance means more exposure to XRP as the reward asset. Each weekly distribution puts XRP directly into participant wallets.

This move could help expand RLUSD’s reach, and Ripple’s transparency data adds context. As of August 6, $1.59 billion of RLUSD was in circulation against $1.70 billion in reserve funds.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.


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Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.
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