Binance Offers 7.77% APR on RLUSD in $800,000 XRP Rewards Campaign Ending October 23
Key Takeaways
- •Binance is offering up to 7.77% APR on RLUSD held in its Simple Earn Flexible product through a campaign running until October 23, 2026.
- •The promotion carries a total rewards pool of $800,000, with all payouts made in XRP rather than the deposited RLUSD.
- •Since rewards are denominated in XRP, the market value participants receive depends on XRP's price at the time of distribution.
- •The 7.77% figure is a maximum advertised rate, and realized rewards on flexible products can vary over the campaign period.
- •RLUSD launched in December 2024 after receiving approval from the New York Department of Financial Services and is designed to maintain a 1:1 peg to the US dollar.
Binance account holders who want the headline rate must hold RLUSD, Ripple's US dollar-pegged stablecoin, in the exchange's Simple Earn Flexible wallet and keep it there through October 23, 2026, when an $800,000 XRP rewards campaign advertised at up to 7.77% APR comes to an end.
The exchange promoted the program on X early on Saturday, publicizing the promotional rate for users who maintain their RLUSD balances in the flexible savings product for the remainder of the campaign.
RLUSD is a US dollar-backed stablecoin issued by Ripple. The token launched in December 2024 after receiving approval from the New York Department of Financial Services (NYDFS), the state regulator that charters and supervises financial institutions in New York, and is designed to maintain a 1:1 peg to the US dollar, supporting use cases such as payments, settlement, and trading.
The campaign's rewards are paid in XRP, the native digital asset of the XRP Ledger, with a total pool of $800,000 earmarked for the promotion. The XRP Ledger is an open-source blockchain closely associated with Ripple. Because payouts are denominated in XRP rather than the deposited RLUSD, the market value of accrued rewards depends on the asset's prevailing market price at the time participants receive them — a structure that ties the campaign's deposit requirement and rewards pool to the two assets most closely associated with Ripple's ecosystem.
Binance's Simple Earn Flexible is the exchange's flexible yield product, which lets users allocate supported crypto assets and accrue rewards on their holdings while retaining the ability to redeem at any time. Rates on such products are quoted as an annual percentage rate (APR), and the 7.77% figure represents the maximum advertised rate for the promotional window; realized rewards on flexible products can vary over time. With the campaign running to a fixed end date, the "up to" framing makes the headline rate a ceiling for the period rather than a set payout — making the campaign's October 23, 2026 end date the key term to track.
This content was first published on COINOTAG.
