Binance Launches Yield-Bearing Product Pegged to Users’ Stablecoin Deposits – Crypto News – Crypto News
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Binance Launches Yield-Bearing Product Pegged to Users’ Stablecoin Deposits Binance Launches Yield-Bearing Product Pegged to Users’ Stablecoin Deposits

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Binance Launches Yield-Bearing Product Pegged to Users’ Stablecoin Deposits – Crypto News

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The CEX says RWUSD aims to “benchmark yields in RWAs” like U.S. T-Bills, but the product isn’t available to U.S. traders.

Binance, the largest cryptocurrency exchange by daily trading volumes, unveiled a new product that lets users earn yield on their stablecoin deposits, “supported by” U.S. Treasuries, according to an official announcement today, July 28.

The latest addition to the CEX’s suite of “Simple Earn” products for generating passive income, RWUSD represents a 1:1 value of the stablecoins — such as USDC and USDT — that a user deposits into the product.

Binance’s announcement notes that the APR (annual percentage rate) for RWUSD can change at the exchange’s discretion, but the firm said it “may offer up to 4.2%” for the first 30 days after launch. “The APR is determined at Binance’s discretion and aims to benchmark yields in RWAs such as tokenized U.S. Treasury Bills,” the announcement reads.

Per the announcement, rewards are paid out in RWUSD daily and balances can be redeemed 1:1 for USDC only. Binance’s announcement notes that the product — which is not an asset that can be traded or withdrawn from the CEX — is not available to U.S. users. EU users, however, can evidently participate: regarding European users, the exchange only notes that USDT is not available in the EU, given its non-compliance with MiCA regulations.

The announcement clarifies that the yield for RWUSD comes from income across Binance’s broader ecosystem, including investments in tokenized RWAs like U.S. Treasuries.

Binance says the driver behind RWUSD is to offer users a relatively stable way to earn yield. “It aims to perform consistently in both rising and falling market conditions,” the announcement notes.

Chasing Yield

RWUSD is part of a growing line of Binance products that offer daily rewards, including BFUSD and LDUSDT.

BFUSD was launched in November 2024 as a new margin asset for futures trading that earns rewards, The Defiant previously reported. And then in April 2025, LDUSDT was also unveiled as a yield-bearing margin asset for its futures trading platform.

While Binance emphasized that RWUSD is “not a stablecoin or a claim on any real-world assets, underlying security, token, or financial instrument,” the product arrives at a time when tokenization and RWAs are gaining significant traction in the crypto sector.

Total on-chain RWA value currently stands at over $25 billion — a 194% increase from $8.5 billion in January 2024, according to data from RWAxyz. Of this amount, U.S. Treasuries account for $6.79 billion.

The largest player in the tokenized U.S. Treasury space, as well as tokenized RWAs in general, is BlackRock’s BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which was launched in 2024 together with Securitize, and has a market capitalization of $2.42 billion.

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