According to CoinMeta, Binance announced the launch of a $1 million XRP reward pool for eligible RLUSD holders, aimed at incentivizing users to use Ripple’s stablecoin on the exchange. The campaign runs from July 17th to August 14th, with XRP rewards distributed every Friday. Users must have at least 0.01 RLUSD in their eligible Binance earnings or margin accounts and must record an average daily margin of at least $500 or a certain volume of futures transactions. The RLUSD held by users can also be used as collateral for flexible savings accounts, or as cross-margin, isolated margin, or portfolio margin accounts for qualification purposes. Users are also required to complete certain KYC and must reside in eligible jurisdictions.