Binance has introduced RWUSD, a new principal-protected yield product in its Earn suite, explicitly backed by tokenized U.S. Treasury bills and other real-world assets (RWA). Launching on July 28, 2025, RWUSD offers up to 4.2% annual percentage yield (APY), with users able to subscribe using USDT or USDC on a 1:1 basis. The product accrues rewards daily and distributes them directly to users' spot accounts as RWUSD.
Key features include: redemption to USDC at 1:1 ratio, collateral utility for Binance VIP Loans (while continuing to earn yield), and flexible withdrawal options—instant Fast Redemption (0.1% fee) or three-day Standard Redemption (0.05% fee). Binance VP Jeff Li emphasized RWUSD's role in advancing RWA adoption, noting it follows successful predecessors like BFUSD and LDUSDT.
Unlike stablecoins, RWUSD functions as an internal record within Binance's ecosystem—non-tradable, non-transferable, and not representing direct RWA ownership. Subscription caps at $5 million per user with no deposit fees, positioning it as a capital-efficient tool for yield seekers amid growing institutional interest in tokenized treasuries.