Bybit Launches Fourth Phase of RLUSD Hold and Earn
The exchange introduces a 1.3 million XRP prize pool and zero spot trading fees for participants in its latest program phase.
Updated on Oct. 20, 2026 in Investing
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Bybit has initiated the fourth phase of its RLUSD Hold and Earn program, allowing users to earn rewards simply by holding the USD-pegged stablecoin. Participants can benefit from a base APR of up to 3.75 percent and a prize pool totaling 1.3 million XRP.
Why it matters
The program incentivizes long-term stablecoin adoption by offering daily rewards without the need for traditional staking or asset locking. Users can also utilize a holding-duration multiplier to increase potential yields based on how long they keep their funds in the account.
The program features a 1.3 million XRP prize pool and a 3.75 percent base APR on RLUSD. Eligible accounts must hold at least 1 RLUSD, with a 2x multiplier available for those maintaining holdings for 90 days or longer.
The players
Bybit
Bybit is a global cryptocurrency exchange that provides a platform for trading digital assets, derivatives, and various yield-generating financial products.
The details
Bybit, headquartered in Dubai, is running this initiative for its 80 million global users, offering zero maker and taker fees on the RLUSD/USDT spot pair. The RLUSD stablecoin remains collateralized by U.S. Treasury bills and cash deposits.
Timeline
The fourth phase of the program launched on October 20, 2026.
The current phase concludes on November 18, 2026.
Market Dynamics
This program follows a pattern set by the RLUSD stablecoin in seeking to capture market share through yield-based incentives. By integrating stablecoin rewards with zero-fee trading, the exchange positions itself to compete for liquidity in a tightening digital asset market.
Retail investors can earn daily rewards without locking their capital, provided they maintain a balance of at least 1 RLUSD. Additionally, the zero-fee structure on RLUSD/USDT spot pairs reduces transaction costs for users actively managing their stablecoin positions.
The takeaway
Users should consider the duration requirements to maximize the holding-duration multiplier. Maintaining a stable portfolio balance can help qualify for higher rewards within the specified prize pool constraints.
What happens next
The program phase is scheduled to conclude on November 18, 2026.
Further reading
For more information on market trends and yield opportunities, visit the Investing section.
More information
Review the full RLUSD Hold and Earn program details for comprehensive terms.
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