BGUSD vs RWUSD: How Bitget’s Yield-Bearing Certificate Challenges Binance’s RWA Product
Main Idea
Bitget's BGUSD and Binance's RWUSD are yield-bearing stablecoin products, with BGUSD offering higher transparency, utility, and yield compared to RWUSD, potentially setting a new standard in the market.
Key Points
1. BGUSD is a tokenized yield-bearing certificate redeemable 1:1 for USDC with a 0.05% fee, featuring transparent and auditable reserves.
2. RWUSD is a Binance-exclusive yield product with up to 4.2% APR, lacking external utility or transparency.
3. BGUSD offers a higher base APR of 5.0% and can be used across multiple platform functions, enhancing capital efficiency.
4. BGUSD is designed with DeFi principles, allowing broader ecosystem integration, while RWUSD is confined to Binance's platform.
5. The choice between BGUSD and RWUSD depends on user priorities: higher yield and transparency (BGUSD) versus simplicity and platform exclusivity (RWUSD).
Description
The race to win over investors with yield-bearing crypto products is heating up. In a market where stablecoin holders want more than just price stability, exchanges are stepping in with offerings that combine the reliability of stable assets with the opportunity to earn passive income. Two such products, BGUSD from Bitget and RWUSD from Binance, are emerging as popular choices. Both target a similar user base, but the way they operate, their transparency levels, and the freedom they grant to use...
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