Binance launches RWUSD, a 'digital dollar' that pays interest
The yield on this investment is comparable to that of U.S. Treasury bills.
Binance announced the launch of RWUSD, a kind of 'digital dollar' that simulates the yield of tokenized real-world assets (RWA), such as U.S. Treasury bills.
Through RWUSD, registered investors on Binance can access an annual effective rate (AER) of up to 4.2% on their holdings. However, the AER is subject to adjustments and may change at any time.
RWUSD should not be considered a stablecoin, security, investment fund, or a token backed by RWA. It also does not grant users any rights over underlying assets, nor does it function as an on-chain asset.
It is an internal record on Binance that reflects the funds subscribed by the user and the rewards accumulated.
To access RWUSD, users can use stablecoins like USDT or USDC, depending on regional availability. By doing so, they receive the same amount of RWUSD in their spot account at a 1:1 ratio, with no subscription fees.
At the time of withdrawal, RWUSD is also converted to USDC at a 1:1 ratio, regardless of which stablecoin was used for the initial subscription. There are two redemption options: fast or standard, each with its own fees.
