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Points of Focus
- Bybit expanded RLUSD collateral treatment for institutional loans, replacing a structure that assigned zero collateral value to positions above $5 million.
- The stablecoin now receives an 80% collateral ratio between $5 million and $10 million and 50% above $10 million.
- The Sept. 2 update follows another increase in RLUSD collateral limits across Bybit lending products on Aug. 21.
Bybit has raised the amount of RLUSD that institutional borrowers can use as collateral, extending recognition beyond a previous $5 million threshold.
The revised schedule took effect on Sept. 2 at 8:00 am UTC. RLUSD balances between $5 million and $10 million now receive an 80% collateral ratio, while amounts above $10 million receive 50%. Previously, anything above $5 million carried zero collateral value.
Bybit also increased the ratios applied to smaller balances. The 100% collateral tier doubled from $500,000 to $1 million. Amounts between $1 million and $2 million now receive 98%, followed by 95% between $2 million and $3 million and 90% between $3 million and $5 million.
Under the previous structure, the ratio fell to 50% between $2 million and $3 million, 30% between $3 million and $4 million, and 10% between $4 million and $5 million.
Bybit raises RLUSD limits twice in 12 days
The institutional loan changes follow an Aug. 21 update to RLUSD collateral limits for Bybit’s UTA Loans and Crypto Loans products. That earlier revision raised the 100% collateral tier to $10 million for both products. Positions between $10 million and $50 million received a 95% ratio, while holdings above $50 million received 90%.
The two updates expand RLUSD’s role across several of Bybit’s lending products. Institutional borrowers can now count larger RLUSD balances toward borrowing capacity, including positions that previously lost all collateral value once they crossed $5 million.
RLUSD has been gaining collateral utility across major exchanges. In April, RLUSD went live on OKX with more than 280 trading pairs and derivatives collateral support, giving the stablecoin another route into trading and margin workflows.
The expansion comes as Ripple continues building its institutional infrastructure around digital assets and the XRP Ledger. Earlier this year, Ripple, JPMorgan, Mastercard, and Ondo completed a cross-border tokenized Treasury redemption on XRP Ledger, part of a broader push into institutional settlement and tokenized finance.
RLUSD is Ripple’s US dollar-backed stablecoin, issued by Standard Custody & Trust Company.
Bybit said collateral ratios may be adjusted based on market conditions, risk management considerations, and platform policies.
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