The CEX says RWUSD goals to “benchmark yields in RWAs” like U.S. T-Payments, however the product isn’t accessible to U.S. merchants.
Binance, the biggest cryptocurrency change by each day buying and selling volumes, unveiled a brand new product that lets customers earn yield on their stablecoin deposits, “supported by” U.S. Treasuries, in line with an official announcement at present, July 28.
The most recent addition to the CEX’s suite of “Easy Earn” merchandise for producing passive revenue, RWUSD represents a 1:1 worth of the stablecoins — similar to USDC and USDT — {that a} person deposits into the product.
Binance’s announcement notes that the APR (annual proportion price) for RWUSD can change on the change’s discretion, however the agency mentioned it “might provide as much as 4.2%” for the primary 30 days after launch. “The APR is set at Binance’s discretion and goals to benchmark yields in RWAs similar to tokenized U.S. Treasury Payments,” the announcement reads.
Per the announcement, rewards are paid out in RWUSD each day and balances may be redeemed 1:1 for USDC solely. Binance’s announcement notes that the product — which isn’t an asset that may be traded or withdrawn from the CEX — just isn’t accessible to U.S. customers. EU customers, nevertheless, can evidently take part: concerning European customers, the change solely notes that USDT just isn’t accessible within the EU, given its non-compliance with MiCA rules.
The announcement clarifies that the yield for RWUSD comes from revenue throughout Binance’s broader ecosystem, together with investments in tokenized RWAs like U.S. Treasuries.
Binance says the motive force behind RWUSD is to supply customers a comparatively steady solution to earn yield. “It goals to carry out constantly in each rising and falling market situations,” the announcement notes.
Chasing Yield
RWUSD is a part of a rising line of Binance merchandise that supply each day rewards, together with BFUSD and LDUSDT.
BFUSD was launched in November 2024 as a brand new margin asset for futures buying and selling that earns rewards, The Defiant beforehand reported. After which in April 2025, LDUSDT was additionally unveiled as a yield-bearing margin asset for its futures buying and selling platform.
Whereas Binance emphasised that RWUSD is “not a stablecoin or a declare on any real-world property, underlying safety, token, or monetary instrument,” the product arrives at a time when tokenization and RWAs are gaining important traction within the crypto sector.
Complete on-chain RWA worth presently stands at over $25 billion — a 194% enhance from $8.5 billion in January 2024, in line with information from RWAxyz. Of this quantity, U.S. Treasuries account for $6.79 billion.
The biggest participant within the tokenized U.S. Treasury area, in addition to tokenized RWAs normally, is BlackRock’s BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which was launched in 2024 along with Securitize, and has a market capitalization of $2.42 billion.
