🤔

First, personal thoughts

1. Binance is indeed planning to venture into RWA, and this RWUSD is just the beginning. There should be quite a few related RWA items coming up later. Everyone can speculate on what those might be?

2. This wealth management yield is a guaranteed principal yield. I searched a bit and found it to be higher than the yields of USDT and USDC.

I feel it will encroach on the market share of the above two, after all, it is also a stablecoin exchange.

3. Direct hint: Binance has started to charge into the RWA track while many are still hesitating.

Let’s see which RWA tokens are available on Binance; it’s time to start positioning.

📒

Now let’s talk about how to play

1. Ensure that you have USDT in your wallet, then go to wealth management to find the guaranteed earning currency RWUSD, and select to invest.

2. This RWUSD is merely a pegged asset at the level of government bonds, in my personal understanding, it cannot directly involve the exchange of relevant physical assets.

Binance probably adopted a compromise scheme to avoid risks and the complexities of physical exchanges.

3. Is it possible that this coin is Binance's attempt to return to the stablecoin market?

Just some casual thoughts: for example, in the future, reissue a new stablecoin using government bonds, USD1, and other assets as pegged assets, etc.

💡

Important notes

1. Investment uses USDT, redemption is in USDC. There is an unspecified free redemption limit, fast redemption has a fee of 0.1%, and standard redemption has a fee of 0.05%.

Fast redemption is real-time, standard redemption is T+3. Users in urgent need of money should take note.

2. Cannot be traded, cannot be withdrawn, can only be used as a yield certificate on Binance.

3. Although Binance claimed a maximum of 4.2%, I believe it should not be lower than USDT (3.74%) and USDC (2.21%).

In other words, this is a real yield, and everyone can try it out.