Key Takeaways:
- Binance will distribute $800,000 in XRP to RLUSD holders over four weeks
- RLUSD market cap stands at $1.51 billion, down 20% from its May peak
- Eligibility requires at least 0.01 RLUSD and $500 in daily trading volume
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Binance to airdrop $800K in XRP to RLUSD stablecoin holders
Binance will airdrop $800,000 in XRP tokens to holders of Ripple USD (RLUSD) over four weeks starting July 17, the exchange said Wednesday, in a campaign designed to boost adoption of the dollar-backed stablecoin.
"Eligible users who maintain RLUSD holdings on Binance Earn, Margin and Futures accounts will receive XRP rewards every Friday until Aug. 14," Binance said in an official announcement. The exchange added that participants must maintain at least 0.01 RLUSD and generate $500 or more in average daily trading volume on margin or futures pairs.
The campaign comes as RLUSD's circulating supply has contracted. The stablecoin's market cap stands at $1.51 billion, according to CoinGecko, down from a peak of about $1.81 billion in early June. Ripple has burned 10 million RLUSD tokens on multiple occasions this month, reducing supply from the treasury. Meanwhile, XRP traded at $1.11 as of 08:00 UTC, up 3.6% over 24 hours, with futures open interest rising 3% to $2.44 billion, Coinglass data shows.
The airdrop faces significant geographic restrictions. Binance excluded residents of Canada, Japan, Iran, North Korea and most European Economic Area countries, citing the European MiCA regulation and internal compliance requirements. The exchange also applies a 60% haircut on RLUSD balances acquired by borrowing other stablecoins such as USDT or USDC, limiting the scope for arbitrage-driven participation.
The technical structure of the distribution is designed to prevent balance inflation. Binance takes random hourly account snapshots and uses the lowest recorded balance to calculate daily rewards. If a user's balance falls to zero at any point during a day, that day generates no rewards.
The campaign offers a variable weekly APR paid in XRP, offset by the requirement to keep liquidity on a centralized platform and maintain active trading. Broker accounts are eligible with no individual cap on rewards, though the geographic exclusions narrow the pool of potential participants significantly.
Ripple has continued expanding RLUSD's utility beyond the Binance campaign. The company joined the Linux Foundation's x402 Foundation this week to integrate stablecoin payments for autonomous AI agents, with partners including AWS, Google, Visa, Mastercard, Stripe, Circle and Coinbase. The XRP Ledger has already processed more than one million agentic transactions using RLUSD, according to Ripple.
The airdrop strengthens ties between Binance and Ripple at a time when both companies face ongoing regulatory scrutiny in multiple jurisdictions. For RLUSD holders, the campaign provides a yield opportunity in XRP tokens, though the strict eligibility criteria and geographic filters mean participation will be concentrated among users in permitted regions with existing trading activity.
This article is for informational purposes only and does not constitute investment advice.
