Breaking news⚡️: Binance has launched a new product, RWUSD, which focuses on principal protection, daily interest accrual, and a maximum annual percentage rate (APR) of 4.2%. The yield is claimed to be linked to "tokenized U.S. Treasury bonds" and other RWAs.
When you purchase with USDT or USDC, you will receive RWUSD at a 1:1 ratio, but RWUSD is not a stablecoin, cannot be traded or transferred, and does not represent any actual ownership of RWA rights. Upon redemption, RWUSD will be converted back to USDC. Currently, the maximum purchase limit is $5 million at a time. To redeem quickly, a 0.1% fee applies, while the standard redemption fee is 0.05%, with the fastest T+3 crediting. The APR may change at any time.
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