Binance's newly launched RWUSD wealth management today offers an annualized return of 4.2% and is still a flexible product, which looks quite attractive. Currently, domestic banks have a miserable fixed deposit interest rate of just over a point; in comparison, will anyone be tempted to take loans from banks to buy U and invest in wealth management on Binance?

So what exactly is this RWUSD? In simple terms, it is a flexible principal-protected investment, neither a stablecoin nor an on-chain token, more like a 'flexible deposit receipt'. You use USDT or USDC to subscribe, and the system will issue you a certificate called RWUSD at a 1:1 ratio. This certificate accrues interest daily, with a maximum annualized return of 4.2%. When you want to exit, you can exchange RWUSD back for USDC; the process is not complicated.

The operation is also convenient; just search for 'RWUSD' on the app's homepage, or find it in the wealth management section. Click subscribe, enter the amount, and confirm — done in three steps.

The source of returns is also clear; it mainly relies on Binance's platform income, with the underlying linked to 'tokenized U.S. Treasury bonds' type RWA. In simple terms, Binance deducts operational costs from the interest earned on U.S. Treasury bonds, and divides the remainder among users. The interest rate is not fixed and will change with the market; what is displayed on the page is the latest. It is worth mentioning that whether you buy 100 or 1 million, you can enjoy the maximum annualized return of 4.2%; there is no tiered interest rate. Daily interest will be credited to the spot account in the form of RWUSD, visible on the same day, which is quite intuitive to see accumulate. Moreover, the RWUSD in the spot wallet can also be used as collateral for VIP borrowing, allowing you to earn 4.2% interest while using it as collateral, significantly improving capital utilization.

There are two options for redemption. Quick redemption will be credited on the spot, but a 0.1% handling fee will apply; standard redemption requires waiting T+3 days, with a 0.05% handling fee. Binance may also periodically offer a quota for daily free quick redemptions to save on handling fees.

Overall, this product is suitable for those who want to earn stable returns without worrying about market fluctuations. It is principal-protected, has U.S. Treasury bond-level returns as a safety net, and offers high limits, making it a suitable option for conservative capital allocation. Just be sure to calculate the handling fees well when redeeming, and choose either quick or standard based on your urgency for funds, to avoid unnecessarily high fees. #RWUSD #USDT #USDC