Binance announced a four-week campaign starting September 25 to distribute $800,000 worth of XRP to users who hold Ripple USD (RLUSD), with payouts each Friday through October 23. The source does not give a year for those dates. Users need at least 0.01 RLUSD in eligible Spot, Funding, Earn or Margin accounts, but restricted accounts and users in listed jurisdictions, including the US, UK, EU countries and Canada, are excluded.
Binance said rewards will depend on qualifying balances and an effective annual rate published each Friday. RLUSD acquired by borrowing other stablecoins in Margin will receive a 60% haircut in the calculation. The source reports a rise in RLUSD’s market cap since an earlier rewards launch, but does not establish that the campaign caused it.
