Binance, the largest cryptocurrency exchange by user count and trading volume, has unveiled a new product called RWUSD that offers principal protection while educating users on managing financial tools.
Overview of RWUSD
RWUSD is built on Binance's robust infrastructure and allows tracking yields from high-quality real-world assets, such as tokenized U.S. Treasury Bills with an expected yield of 4.2% per annum. The product is aimed at simplifying access to financial instruments for a wider audience.
Benefits of RWUSD
Key benefits of RWUSD include:
- Competitive Yield: The target yield from RWUSD is comparable to yields from real-world assets. - Generous Subscription Limits: Users can subscribe for amounts up to 5 million dollars and receive the full yields. - Two-fold Use as Collateral: RWUSD can serve as collateral for Binance VIP loans while still earning rewards. - Daily Reward Distribution: Yields are credited daily, making it easier to track. - Flexible Redemptions: Users can choose between standard and fast redemption options.
Accessibility and Use of RWUSD
Subscribers can redeem RWUSD 1:1 with USDC. Subscriptions can be made using either USDT or USDC. Once enrolled, users will receive RWUSD rewards daily, providing convenience in asset management. RWUSD can be redeemed instantly or within three days.
With the launch of RWUSD, Binance continues to expand its offerings in financial instruments, emphasizing stability and accessibility. This move supports the company's goal of providing broader access to financial opportunities for all segments of the population.