Binance has announced the launch of a new Earn product called RWUSD, which is backed by tokenized U.S. Treasuries and offers users a yield of up to 4.2% per annum.
Product Description RWUSD
The RWUSD product became available on July 28, providing users with the option to earn income while protecting their principal investment. Subscription is available using stablecoins such as USDT and USDC, depending on regional availability. Users receive RWUSD in equal exchange for their deposited stablecoins.
Earning Conditions
RWUSD differs from traditional stablecoins in that it is not transferable between users and cannot be traded on the open market. Instead, it serves as an internal instrument with a fixed value, tied to tokenized assets like U.S. Treasury Bills. Once subscribed, users can accrue yield, ultimately redeemable in USDC, regardless of the stablecoin originally used for subscription.
Integration of Real Assets into DeFi
The launch of RWUSD underscores Binance's growing interest in integrating real assets and tokenized financial instruments. The company has previously explored similar financial structures through its venture arm, Binance Labs, participating in T-Bill-based products. Additionally, Binance Academy has launched a blockchain education initiative in Pakistan in collaboration with the Ministry of IT and Telecom, indicating a commitment to education and knowledge dissemination in blockchain.
With the launch of RWUSD, Binance is enhancing investment opportunities for users in yield generation, while also emphasizing the sustainable development of financial technologies that bridge traditional and new assets.
