Binance has launched RWUSD, a new principal-protected yield product that offers up to 4.2% annual percentage rate (APR) by benchmarking yields from real-world assets (RWAs), specifically tokenized U.S. Treasury Bills. RWUSD is a stablecoin-like product that allows users to subscribe using stablecoins such as USDT or USDC. The product provides daily interest accrual and supports redemption at a 1:1 ratio with USDC. Individual users can invest up to $5 million, and RWUSD can also be used as collateral for borrowing on the Binance platform. This offering aims to provide retail investors with convenient access to U.S. Treasury yields through a crypto-enabled investment vehicle, enhancing yield opportunities compared to previous stablecoin earnings on Binance, which ranged between 1.73% and 3.5% APR over the past three months. Binance's introduction of RWUSD positions the exchange as a retail agent for U.S. government debt within the crypto ecosystem.