Binance, the world’s largest cryptocurrency exchange, has announced RWUSD, a principal-protected Binance Earn product that aims to benchmark returns in Real-World Assets such as tokenized U.S. Treasury Bills, as per the report shared with Finbold on July 28. The product offers up to 4.2% APR and can be used as collateral for VIP Loans.
Users can subscribe to RWUSD with USDT or USDC and redeem 1:1 to USDC. Rewards are distributed daily in RWUSD to users’ spot accounts, with options for instant redemption or T+3 settlement. The product can serve as collateral for Binance VIP Loans while continuing to accrue rewards.
RWUSD follows similar Binance products BFUSD and LDUSDT, as a principal-protected, reward-generating product. The company clarifies that RWUSD represents a record of user subscriptions and rewards rather than being a stablecoin, security, fund, or tokenized RWA, and cannot be traded between users or transferred off the platform.
Product features
“RWUSD is our newest Earn product and offers users a way to enjoy relatively stable rewards at market-competitive rates. Binance Earn has helped over 11 million users accrue earnings and savings with their crypto assets, and we will continue to make crypto more rewarding and engaging for users,” said Jeff Li, VP of Product at Binance. “Binance is committed to increasing the freedom of money, and the community’s positive feedback for BFUSD and LDUSDT tells us we are on the right track in developing RWUSD.”
The product offers competitive and stable rewards backed by the Binance ecosystem, with personal quotas up to $5 million at full APR.
Users have redemption options, including standard redemption at 3 days with a 0.05% fee and fast redemption that is instant with a 0.1% fee, along with a free quota for fast redemptions.
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