Binance has launched RWUSD, a principal-protected yield product that offers up to 4.2% annual percentage return benchmarked against tokenized U.S. Treasury bills and other real-world assets. The initiative expands the exchange’s Earn suite by mirroring traditional fixed-income yields while keeping users inside Binance’s platform. Customers can subscribe with stablecoins such as USDT or USDC; Binance issues an equal amount of RWUSD to the user’s spot account with no upfront fee. Rewards accrue daily and are paid in RWUSD, starting the day after subscription, with a per-user subscription limit of US$5 million. RWUSD is not a stablecoin or an on-chain tokenized security. It cannot be traded externally, transferred between accounts, or withdrawn on-chain. Redemption is permitted only in USDC at a 1:1 ratio, with a 0.1% fee for instant settlement or 0.05% for the standard three-day process, although the platform may periodically waive the higher fee. The product is unavailable to U.S. persons and, according to Binance, is backed by revenue generated within its ecosystem and select off-chain assets, rather than by third-party custodians. The launch underscores the exchange’s broader strategy of linking crypto balances to traditional asset yields without offering direct exposure to securities.