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Binance rolls out new developer tools to improve RWUSD access

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Binance rolls out new developer tools to improve RWUSD access
Web3/Crypto
Webp changpeng zhao 11
Changpeng Zhao, Founder for Binance | X

Binance has announced the launch of new SAPI (Spot Application Programming Interface) endpoints for RWUSD, aiming to provide enhanced programmatic access to account, quota, subscription, redemption, and history features. This development was revealed in a press release.

According to Binance's announcement on September 9, the new SAPI endpoints are designed to offer both developers and regular API users more comprehensive control over RWUSD functions. The endpoints include tools for subscribing to and redeeming RWUSD, checking account quotas, and viewing detailed history related to subscriptions, redemptions, rewards, and rates. Binance emphasized that these upgrades are part of its efforts to improve transparency, usability, and integration with external tools.

The newly available SAPI endpoints listed in the announcement include: GET /sapi/v1/rwusd/account, GET /sapi/v1/rwusd/quota, POST /sapi/v1/rwusd/subscribe, POST /sapi/v1/rwusd/redeem. Additionally, there are history endpoints such as GET /sapi/v1/rwusd/history/subscriptionHistory, /redemptionHistory, /rewardsHistory, and /rateHistory. These endpoints enable operations like retrieving subscribed RWUSD amounts or remaining quotas, automating redemption processes, and tracking past subscription or redemption events. This allows users interested in building dashboards or integrating RWUSD into their portfolio tools to better monitor and manage their holdings programmatically.

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Binance clarified that RWUSD is not a stablecoin or any form of security or tokenized real-world asset. It is also not available to U.S. persons. The announcement advises users to refer to the official RWUSD Terms and Conditions and Risk Warning before using the services due to potential regulatory or risk constraints. These disclaimers align with Binance’s practices in distinguishing RWUSD’s functionality and eligibility limitations.

According to Binance’s corporate profile, the company was founded in 2017 and has grown into one of the largest cryptocurrency exchanges by trading volume globally. Binance offers a broad ecosystem of products including spot trading, derivatives trading options like margin trading and staking opportunities along with lending services. This latest addition of RWUSD SAPI endpoints is part of its continuous push to enhance API capabilities for developers while improving transparency across its platform.

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