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Binance launches wealth management product RWUSD to receive tokenized US bond benefits

According to online reports, according to an official announcement, Binance Financial announced the launch of RWUSD, a capital-guaranteed wealth management product with financial income based on real-world asset (RWA) yields. RWUSD issues out daily income, which comes from income generated by the Binance ecosystem and RWAs (such as tokenized U.S. bonds). Users can obtain an annualized rate of return of up to 4.2% by subscribing to RWUSD. Users can use the designated stablecoin (USDT or USDC can be used for users in suitable regions) to subscribe for RWUSD. After subscription, the user will receive the same amount of RWUSD in the spot account at a ratio of 1:1, and RWUSD will not charge a subscription fee. Upon redemption, RWUSD is converted to USDC on a 1:1 basis regardless of whether it was originally purchased in USDC or USDT. Users can choose between quick redemption or standard redemption, which will be charged accordingly.

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