Bybit RLUSD Hold & Earn Crosses $50M AUC as Phase 2 Boosts XRP-RLUSD Rewards

The line between stablecoin liquidity and exchange yield products keeps blurring.

Bybit now has more than $50 million in assets under custody inside its RLUSD Hold & Earn program, a scale that pushes the Ripple-linked dollar token beyond a simple trading pair and into direct competition with exchange savings products.

According to the original report, the exchange has opened a second phase of the program with boosted rewards tied to XRP and RLUSD.

The move matters less for the headline custody figure than for what it says about demand for yield on dollar-pegged assets while regulatory attention on stablecoins is tightening.