Binance, the world’s leading blockchain ecosystem behind the largest cryptocurrency exchange by trading volume and user base, today announced RWUSD – a principal-protected Binance Earn product backed by the strength of the Binance ecosystem and which aims to benchmark returns in high quality Real-World Assets (RWA) such as tokenized U.S. Treasury Bills.
Users can enjoy market-competitive and relatively stable rewards with RWUSD subscriptions. Binance Earn products are designed to make crypto more rewarding, and demonstrate Binance’s commitment to increasing the freedom of money when many are still underserved in the traditional financial system.
RWUSD can be redeemed 1:1 to USDC and users may subscribe to RWUSD with USDT or USDC. Rewards accrue to users’ subscriptions in RWUSD and are distributed daily, and users have the option to redeem instantly or T+3. RWUSD can be utilized as collateral for Binance VIP Loans and will continue to accrue rewards for users, making it another capital-efficient product on the Binance platform.
RWUSD is the latest principal protected, reward-generating product with multiple utilities issued by Binance, after BFUSD and LDUSDT. Similar to BFUSD and LDUSDT, RWUSD is a record of a user’s subscription and rewards in the product. RWUSD is not itself a stablecoin, security, fund, tokenized RWA or on-chain asset, and it doesn’t represent any user right to any RWAs. It cannot be traded between users or transferred out of the Binance platform.
“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,” commented 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.”
RWUSD offers users the following benefits:
- Competitive and Stable Rewards: RWUSD is backed by the Binance ecosystem and aims to benchmark returns in Real-World Assets including tokenized US Treasury Bills, helping ensure that returns remain relatively stable and competitive over time. The projected APR at launch is up to 4.2%.
- Large Personal Quotas at full APR: Users can subscribe with amounts up to $5 million while enjoying a consistent APR, allowing them to maximize their earnings without concern for reduced rates.
- Collateral Utility: RWUSD held in the user’s Spot Account can be used as collateral for Binance VIP Loan while continuing to accrue rewards simultaneously.
- Daily Reward Accrual: RWUSD accrues daily rewards, which are distributed each day directly to the user’s Spot Account in the form of RWUSD.
- Option of Standard and Fast Redemption: Users have the option of Standard Redemption (3 days at 0.05% redemption fee) and Fast Redemption (instant at 0.1% fee). Users can also enjoy a free quota of Fast Redemption.
For more information, visit the RWUSD landing page here.
