Binance launches RWUSD earn product with 4.2% APR
Main Idea
Binance has launched RWUSD, a Real-World Assets product offering up to 4.2% APR, which can be used as collateral for VIP Loans and is redeemable 1:1 to USDC.
Key Points
1. RWUSD is a principal-protected, reward-generating product backed by tokenized U.S. Treasury Bills.
2. Users can subscribe with USDT or USDC and redeem 1:1 to USDC, with rewards distributed daily in RWUSD.
3. The product offers competitive rewards with personal quotas up to $5 million at full APR, and includes options for Binance VIP Loans.
4. RWUSD cannot be traded between users or transferred off the platform.
5. Binance highlights the product's stability and market-competitive rates, citing positive feedback from similar products like BFUSD and LDUSDT.
Description
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 ...
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