Binance has announced an increase in the per-user RWUSD subscription limit to 15 million, while maintaining up to a 4.2% annual percentage rate (APR) on holdings. This announcement was made through a press release.
According to Binance, RWUSD is described as a principal-protected, flexible-term Earn product that benchmarks yields against real-world assets. It remains non-transferable and off-chain, serving as a record of subscribed assets and accrued rewards within Binance only. The update comes in response to “increasing demand,” raising the personal subscription limit to 15 million per user and reiterating an up-to-4.2% APR that Binance may adjust at its discretion. Upon redemption, RWUSD converts 1:1 to USDC (minus any applicable fees). Subscribing assets differ by region: qualified global users may use USDT, while eligible European Economic Area (EEA) users subscribe with USDC.
The notice specifies several key points: the personal subscription limit has increased to 15 million; there is an up-to-4.2% APR on holdings; RWUSD cannot be traded, transferred, or withdrawn on-chain; redemption converts RWUSD to USDC at a 1:1 ratio; the APR is discretionary and may change; USDT is unavailable to EEA users; and RWUSD is not classified as a stablecoin, security, fund, tokenized real-world asset (RWA), or on-chain asset. The product aims to benchmark RWA yields such as tokenized U.S. Treasury bills without conferring rights to underlying RWAs.
External rate context suggests that the benchmark aligns with short-term U.S. government yields: the Federal Reserve Bank of St. Louis reports the 3-month Treasury constant-maturity yield at 4.02% on October 2, 2025. This proximity helps explain the said target APR while allowing for discretionary adjustments as market yields fluctuate.
Binance is a global cryptocurrency exchange founded in 2017 by Changpeng Zhao and Yi He. It operates spot, margin, and derivatives markets alongside Earn, custody, and developer services and is widely cited as the largest exchange by trading volume. Since November 2023, Richard Teng has served as CEO. The company employs a distributed operational footprint with regional entities and emphasizes liquidity, product breadth, and rapid iteration, positioning itself as a major venue for digital-asset trading and yield products such as RWUSD within its Earn suite.
