Introduction.
For general investors, purchasing US Treasury bonds is one of the safe and reliable wealth management methods, but the purchasing process is quite cumbersome, requiring complex account opening processes and involving some specialized knowledge and capital thresholds.
Binance's newly launched RWUSD capital-preserving wealth management aims to address this pain point, focusing on the recent rise in US Treasury yields, hoping to release the profits from US Treasury bonds to RWUSD holders. By holding RWUSD, users can enjoy stable returns from US Treasury bonds without directly holding them.
What is RWUSD? Can I buy US Treasury bonds directly on Binance?
RWUSD is a capital-preserving wealth management product launched by Binance in July 2025, with returns linked to tokenized RWA real-world assets (such as tokenized US Treasury bonds), initially expected to offer a 4.2% annual interest rate, with daily interest distribution and support for reinvestment.
However, RWUSD is not a direct channel for purchasing US Treasury bonds. It is neither a tokenized bond nor represents any real-world asset. RWUSD only represents the book-entry income certificate launched by Binance, used to record the user's subscribed asset amount and distribute income, and can ultimately only be redeemed for USDC at a 1:1 exchange rate according to the rules.
9% discount on spot and contract fees.
Market trend behind RWUSD: The integration of RWA and cryptocurrency.
For investors who are less familiar with the RWA field, it may be difficult to understand the trend of combining cryptocurrency, so this article organizes the following data, which may help observe the boom in the RWA area through data.
According to RWA.xyz data, the overall scale of RWA assets has reached $25 billion, an increase of $10 billion since early 2025, with holders growing steadily by 30% month-on-month, showing that more and more investors prefer to use tokenized real-world assets for more stable investments.
Image source: RWA.xyz
Core of RWA: Tokenized US Treasury bonds.
In the RWA market, tokens based on US Treasury bonds account for $6.7 billion in market value, compared to only $1.9 billion a year ago, with an annual growth rate of 250%. Among them, BlackRock's US Treasury Liquidity Fund leads, offering investors about 4.11% stable annual returns.
Binance has recognized the momentum of tokenized US Treasury bonds and launched RWUSD based on US Treasury bond yields, allowing investors to easily invest in tokenized US Treasury bonds without having to learn about Web3 wallets, on-chain gas fees, and other on-chain knowledge; all they need is to register a Binance account.
RWA alternative hedging channel: Tokenized gold.
In addition to tokenized US Treasury bonds, gold, as another important RWA asset, has also received much attention during recent years of rising gold prices, especially the PAXG launched by Paxos and the XAUT launched by Tether, both of which are RWA assets based on international gold prices.
From the aforementioned cases of tokenized US Treasury bonds and gold, it is not difficult to see that a stable and steady profit investment trend is gradually rising in the traditionally high-risk, high-return cryptocurrency sphere. Not only can stablecoins be used to invest in Bitcoin, which is called 'digital gold,' but also to purchase safe and reliable US Treasury bonds and gold with hedging properties.
Where does the income from RWUSD come from? Is it stable?
The income from RWUSD comes from the revenue generated by Binance's investment in RWA real-world assets, including but not limited to tokenized US Treasury bonds. These assets not only have stable income characteristics but also possess a globally recognized AAA credit rating, which can provide stable returns while reducing the risk of defaults.
However, the yield of RWUSD may still slightly fluctuate due to changes in the yield of the US Treasury market, but stable wealth management products like US Treasury bonds will not deviate significantly from 4.2% even with short-term fluctuations. Additionally, the long-term benefits brought by compound interest can still create stable passive income for investors.
How to subscribe and redeem RWUSD? Process tutorial & fee explanation.
Both the subscription and redemption processes are quite simple and can be conducted through Binance's RWUSD wealth management feature. The following will explain in detail the RWUSD subscription and redemption process and inform you of any fees that may be incurred when purchasing this capital-preserving wealth management product.
RWUSD subscription process.
First, we can directly search for RWUSD on the Binance exchange or find the capital-preserving wealth management RWUSD through the 'Wealth Management' feature to locate the subscription interface. Next, you can use USDT at a 1:1 ratio to subscribe to RWUSD. The subscription process is as follows:
Click the subscription button and enter the subscription amount.
Preview the receiving amount and estimated rewards.
Confirm the subscription terms.
Subscription completed.
The RWUSD subscribed will start accruing interest the next day at 08:00 (UTC+8), and RWUSD will be distributed to the spot account as interest income daily at 18:00 after the initial interest date.
Cost of subscribing to RWUSD.
The process of subscribing to RWUSD will automatically convert USDT into RWUSD by Binance, without incurring any fees or slippage.
RWUSD redemption process.
The redemption process is also conducted through the RWUSD interface, starting with understanding the two different redemption models:
Standard redemption: Funds can be redeemed only after waiting T+3 days, and the platform will charge a 0.05% redemption fee.
Quick redemption: Funds can be redeemed immediately, and the platform will charge a 0.1% redemption fee.
Currently, Binance offers a quick redemption limit of $5,000 per person per day, so users utilizing RWUSD for small-scale wealth management need not worry about redemption costs. Detailed redemption steps are as follows:
Click the redeem button.
Select a redemption plan and enter the redemption amount.
Preview the receiving amount and redemption time.
Confirm the redemption terms.
Redemption completed.
Redemption cost for RWUSD.
When redeeming RWUSD, in addition to the standard redemption and quick redemption fees of 0.05% and 0.1% respectively, users also need to pay attention to the exchange difference between USDT and USDC. Since subscriptions require using USDT and redemptions can only be received in USDC, any exchange difference between the two stablecoins may lead to potential exchange losses.
Applicable areas for RWUSD.
RWUSD wealth management does not provide services to US users, while Taiwan can participate in RWUSD wealth management, but unlike some European regions, it cannot use USDC for subscriptions.
Introduction to RWUSD VIP lending collateral mechanism.
RWUSD not only allows for stable interest income but can also be used to participate in Binance's VIP lending services, and during the lending process, RWUSD can continue to earn stable interest for investors without affecting interest income.
This design allows users to flexibly allocate funds while utilizing lending features while maintaining the stable income of RWUSD. VIP users only need to keep RWUSD in their spot accounts to apply for borrowing other cryptocurrencies through the collateral lending service.
How is RWUSD different from other stablecoin wealth management?
Compared to capital-preserving wealth management products offered in the market, RWUSD has a greater advantage for users with large amounts of capital because stablecoin wealth management (such as USDT, USDC) typically has tiered interest rate limits. At the time of writing, Binance's tiered interest rates for USDT and USDC are:
USDT: Below 200 USDT enjoys an 11.28% APR, while the remaining amounts may have briefly reached a 20% rate in the past year, but most of the time, the annual interest rate remains at 1% to 3%.
USDC: Below 100 USDC enjoys a 12.23% APR, while the remaining amounts are similar to USDT's situation, with only brief rate increases but mostly hovering around 2% annual interest rate.
RWUSD does not set tiered interest rates, always offering approximately 4.2% annual returns, and allows up to $5 million in personal wealth management limits, ensuring that large amounts of capital can enjoy stable, high returns. Additionally, RWUSD is a capital-preserving wealth management product, so RWUSD can always be redeemed at a 1:1 USDC exchange rate.
Comparison of RWA US Treasury wealth management across major exchanges.
RWA tokenization is becoming a hot trend in the cryptocurrency industry, which is why various exchanges have successively launched related wealth management products. Not only is US Treasury bonds one of the options for stable wealth management, but popular US stocks are also launched in the form of xStocks to facilitate investors in trading across time zones.
Exchange product name component expected return product advantages Binance RWUSD is composed of various tokenized short-term US Treasury bonds, with lower risk of 4.2% backed by Binance exchange, low risk of US Treasury bonds, always capital-preserving with a limit of $5 million to meet large investment needs. Bybit USDtb Ethena Labs issued, reserve assets are BlackRock's BUIDL floating interest rate, currently at 3.8% low risk of US Treasury bonds, no redemption fees, but still need to bear miner fees. Bitget BGUSD issued by Bitget platform, composed of multiple tokenized US Treasury bonds with floating interest rates, promotional period 5%, higher floating rates during the promotional period. Gate tokenized US stocks xStocks issued, backed by real US stocks 1:1, fluctuating according to stock price changes, stock volatility is greater, potential returns/losses are higher.
Data source: Binance, Bybit, Bitget, Gate
Frequently Asked Questions.
Is RWUSD a stablecoin?
RWUSD is not a stablecoin but a type of book-entry income certificate, used only to record the user's subscription amount and distribute income. It is linked to RWA real-world assets but does not have the trading or transfer functions of stablecoins and cannot earn income on platforms other than Binance.
Will changes in US Treasury yields affect RWUSD?
The income from RWUSD originates from Binance's operational profits from investing in real-world assets, including US Treasury yields. Thus, if the US reduces interest rates in the future, it may lead to a decline in US Treasury yields, which in turn could affect the income situation of RWUSD.
However, even if the annual yield of RWUSD decreases, it can still be redeemed for USDC at a 1:1 ratio as needed. Therefore, for investors looking to invest in US Treasury bond yields in the cryptocurrency sphere, RWUSD remains a capital-preserving wealth management product with stable returns.
Is there a risk of loss when using RWUSD?
RWUSD is a capital-preserving wealth management product. Binance will ensure that the user's initial subscription funds can be redeemed at a 1:1 ratio, with the only two things to note being the redemption fees and the exchange difference between USDT and USDC. However, if the holding time is long enough, the 4.2% annual return can cover the above costs.
Can RWUSD be traded or transferred on-chain?
Currently, according to Binance's RWUSD announcement, RWUSD is not tradable, and actions such as withdrawing to other accounts or withdrawing to on-chain wallets (including Binance wallets) are prohibited.
Why is the yield of RWUSD lower than that of on-chain RWA assets?
The income from RWUSD comes from various businesses of Binance, including lending services and investing in RWA-related income. Furthermore, to ensure users' flexibility for immediate redemption, Binance will reserve part of the funds to pay for instant redemption assets.
Conclusion.
RWUSD, as Binance's latest capital-preserving wealth management product, is expected to become the preferred choice for US Treasury bonds in the cryptocurrency sphere due to its multiple advantages.
First, RWUSD is backed by the largest exchange in the cryptocurrency sphere, Binance, which not only has a long operational history but also serves over 11 million users with Binance's wealth management features. Furthermore, the highly correlated nature of RWUSD with US Treasury bonds allows users to invest in US Treasury bonds directly without needing to open additional accounts.
Finally, the $5 million subscription limit of RWUSD can meet the needs of large capital wealth management, and the product has no interest rate restrictions, ensuring that the capital can fully enjoy a 4.2% interest return. The above multiple advantages undoubtedly make RWUSD the preferred choice for investing in US Treasury bond yields in the cryptocurrency sphere.
This article is a promotional collaboration content, intended only to introduce the platform's functions and features, and does not constitute any investment or financial advice. The cryptocurrency market is highly volatile and risky, please carefully assess your risk tolerance, and seek qualified professional advice before operating. Any actions and consequences resulting from using the links or information provided in this article are the user's responsibility.