Binance to Launch RWUSD Trading With Yield-Bearing Product
Photo: TokenPost
Binance will launch RWUSD/USDT spot trading at 4 a.m. ET (08:00 UTC) on Oct. 13, adding a yield-bearing real-world asset product to its exchange and margin services. The launch includes a zero-fee trading promotion that will continue until further notice. RWUSD will also become available as collateral for cross-margin trading, although borrowing will not initially be supported. Binance Convert will add RWUSD within one hour of the spot-market launch and offer zero-fee conversions. The product does not currently support deposits or withdrawals. RWUSD has a floating term and accrues interest daily.
Source: TokenPost
