Binance Offers Nearly 8% XRP Yield on RLUSD Deposits as Promotional Rate Declines
Photo: TheCoinrise
The exchange is paying rewards in XRP to holders of Ripple's RLUSD stablecoin, though the advertised rate is dropping as the program progresses. Binance is running a promotional campaign that rewards users for holding or depositing RLUSD, Ripple's dollar-pegged stablecoin, with payouts made in XRP rather than cash or stablecoin interest. The advertised annualized rate has been reported at nearly 8%, a figure well above typical savings or deposit yields offered on major exchanges. The program's total value has been put at approximately $800,000 in XRP, according to reporting on the giveaway.
Source: TheCoinrise
