Introducing RWUSD: Binance’s Innovative Product for Crypto Earnings
Binance, recognized globally as the largest cryptocurrency exchange, has unveiled an innovative financial product named RWUSD. This principal-protected offering is part of Binance Earn, designed to deliver returns linked to Real-World Assets, specifically tokenized U.S. Treasury Bills. As reported by Finbold on July 28, RWUSD offers an attractive annual percentage rate (APR) of up to 4.2%. This product is also versatile, allowing its use as collateral for Binance’s VIP Loans, thereby enhancing its utility.
Subscription and Redemption Options
Users interested in RWUSD have the flexibility to subscribe using USDT or USDC, with the assurance of redeeming it on a 1:1 basis to USDC. Daily rewards are credited in RWUSD to the users’ spot accounts, providing options for immediate redemption or a T+3 settlement approach. Moreover, RWUSD can seamlessly serve as collateral for Binance VIP Loans while simultaneously accruing rewards, thus offering a dual advantage.
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Comparative Analysis with Other Binance Products
RWUSD shares its principal-protected, reward-generating characteristics with other Binance offerings such as BFUSD and LDUSDT. However, Binance emphasizes that RWUSD is a record of user subscriptions and rewards, distinguishing it from stablecoins, securities, funds, or tokenized Real-World Assets (RWA). It is important to note that RWUSD is not tradable between users nor transferable off the Binance platform.
Product Features and Benefits
RWUSD emerges as Binance’s latest venture within the Earn category, offering users a pathway to secure relatively stable rewards at competitive market rates. As highlighted by Jeff Li, VP of Product at Binance, “Binance Earn has empowered over 11 million users to enhance their crypto earnings and savings. We remain committed to making cryptocurrency more rewarding and engaging for our users.” The community’s positive reception of previous products, BFUSD and LDUSDT, underscores the promising future of RWUSD.
Enhanced Earning Potential
RWUSD provides stable rewards backed by the robust Binance ecosystem, with personal quotas reaching up to $5 million at the full APR rate. Users are presented with flexible redemption options: a standard redemption taking three days with a minimal fee of 0.05%, and an instant fast redemption with a 0.1% fee, alongside a free quota for fast redemptions. These options ensure that users have the flexibility to manage their assets efficiently.
