Bybit Launches Phase 3 of RLUSD Hold & Earn with 800,000 XRP Rewards and Zero Fees

Bybit's RLUSD Hold & Earn Phase 3: Exciting New Features

In a significant move for cryptocurrency enthusiasts, Bybit, the world's second-largest exchange in trading volume, has kicked off Phase 3 of its exclusive RLUSD Hold & Earn program. This initiative is designed to enhance user engagement and provide more rewarding opportunities for traders.

What You Need to Know About Phase 3

Phase 3, effective from September 19, 2026, until October 18, 2026, introduces multiple attractive features for Bybit users. Here's a breakdown of what participants can expect:

Zero-Fee Trading

One of the standout changes is the complete waiver of trading fees for the RLUSD/USDT spot pair. This means both makers and takers enjoy zero fees during this promotional period, a significant upgrade from the previous phases where only maker fees were waived. The platform has listened to user feedback and committed to making trading more cost-effective.

Dual-Token Rewards

Eligible users holding RLUSD in their accounts will earn benefits in both RLUSD and XRP tokens. The base Annual Percentage Rate (APR) for earning RLUSD can go up to an impressive 3.5%, alongside bonus XRP rewards from a substantial 800,000 XRP prize pool. This creates an opportunity for users to generate returns simply by holding these assets.

XRP Bonus Multiplier

In addition to earning daily rewards, the rewards structure has introduced an exciting XRP bonus multiplier. Depending on how long users maintain their holdings without interruption, they can achieve up to a 2.0x multiplier for holdings stretched over 90 days. This incentivizes users to keep their investments longer, fostering a more engaged community.

Simplicity of Participation

Another appealing aspect is the simplicity of participation. Users are not required to stake or lock up their funds. Just holding RLUSD in their accounts is sufficient to start earning rewards automatically. This approach lowers the barrier to entry for those interested in maximizing their earning potential without complex procedures.

Understanding RLUSD and XRP

For clarity, RLUSD is a stablecoin pegged to the U.S. dollar, meaning it's designed to maintain a 1:1 value with USD. It is collateralized by U.S. Treasury bills, USD deposits, and other cash equivalents, assuring its stability as a cryptocurrency option. On the other hand, XRP serves as the native token for the XRP Ledger and is engineered to facilitate swift, low-cost transactions across borders.

Given the current landscape of cryptocurrency trading, initiatives like Bybit's RLUSD Hold & Earn are vital for attracting diverse users and creating an active trading environment. By offering appealing rewards, the platform not only boosts user engagement but also emphasizes its commitment to creating a thriving community.

Conclusion

Phase 3 of Bybit’s RLUSD Hold & Earn program exemplifies innovation in user rewards and trading strategies within the cryptocurrency sector. As Bybit continues to develop its offerings, users will find ample opportunities to enhance their cryptocurrency portfolios, all while enjoying features that promote financial growth and community engagement. Don’t miss out on this chance to earn up to 3.5% APR and a share of the XRP rewards; get involved today!