Binance launches RWUSD earn product with 4.2% APR
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 ...