Binance Launches RWUSD With Tokenized Treasury Yields and 4.2% APR

Binance has rolled out its latest principal-protected product, RWUSD, offering users an attractive annual percentage rate (APR) of up to 4.2%. This product is benchmarked to yields from tokenized US Treasuries and other Real-World Assets (RWAs), providing a unique opportunity for users to earn stable returns.

Binance Introduces RWUSD: Details

In a recent official blog post, crypto exchange Binance has announced the launch of RWUSD, a principal-protected Earn product. It offers up to 4.2% APR by tracking yields from tokenized US Treasury Bills and other RWAs.

As Binance declared, subscription to RWUSD is now open, allowing users to exchange eligible stablecoins like USDT or USDC for RWUSD at a 1:1 ratio, with zero subscription fees. The crypto exchange further stated that the new product allows subscriptions of up to $5 million, providing high-net-worth investors with a consistent APR and enhanced earnings potential.

Significantly, this development comes following Binance’s recent introduction of a token launch platform powered by a Bonding Curve mechanism for dynamic Token Generation Events (TGEs).

Moreover, Binance added that the RWUSD rewards are calculated daily based on the lowest balance in a Binance account, accruing at the applicable APR and distributed two days post-subscription, with a minimum balance requirement of 0.01 RWUSD.

It is noteworthy that the product launch coincided with Binance Coin’s bullish uptrend, hitting a new all-time high. Following the RWUSD launch announcement, the BNB price has once again exhibited positive momentum, targeting new all-time highs. As of press time, BNB is trading at $855, marking a remarkable surge of 7% in a day and 10% in a week.

What is RWUSD?

According to the crypto exchange, “RWUSD is a principal-protected yield product that offers users flexible-term subscriptions with daily APR rewards.” It is designed to provide relatively stable returns and aims to perform consistently in both rising and falling market conditions.

Providing further information on the project, Binance stated,

RWUSD is not a stablecoin, security, fund, tokenized RWA or on-chain asset, and it does not represent any user right to any RWAs. It cannot be traded, transferred to another user’s account, or withdrawn on-chain to a DeFi wallet such as Binance Wallet.

As the crypto market continues to evolve, products like RWUSD demonstrate Binance’s commitment to innovation and providing users with diverse investment options.