Binance has launched RWUSD, a new principal-protected yield product offering up to 4.2% APR benchmarked against tokenized U.S. Treasury bills and other real-world assets.

The offering aims to continue Binance’s plan to incorporate off-chain financial instruments into its Earn product suite while avoiding direct exposure to tokenized assets.

Users can subscribe to RWUSD using stablecoins like USDT or USDC, depending on regional availability. Upon subscription, Binance issues RWUSD in a 1:1 ratio to a user’s Spot Account, with no associated subscription fees.

Redemption is only permitted in USDC at the same 1:1 ratio, regardless of the initial stablecoin used. Fast Redemption and Standard Redemption options carry fees of 0.1% and 0.05% respectively, though Binance may periodically waive Fast Redemption fees at its discretion.

RWUSD is not a stablecoin

According to Binance, RWUSD is neither a stablecoin nor a tokenized asset, nor does it represent ownership in any RWA. Instead, it functions as a ledger entry reflecting a user’s principal and accrued rewards within Binance’s infrastructure.

Unlike stablecoins, RWUSD cannot be traded, transferred to other accounts, or withdrawn on-chain. However, like stablecoins, it may be used as collateral for Binance VIP Loans, providing yield continuity even when leveraged within Binance’s loan ecosystem.

Rewards accrue daily and are distributed in RWUSD directly to the user’s Spot Account. Yield rates are determined at Binance’s discretion and benchmarked against instruments such as tokenized U.S. Treasury bills. The APR is flat across all deposit sizes, with no tiered rates or limits on subscription amounts up to $5 million per user.

RWUSD begins accruing rewards the day after subscription, based on the lowest daily balance held. Distribution occurs two days after the subscription, and rewards are only issued for balances above 0.01 RWUSD. Redemption timing varies by method: Fast Redemption delivers USDC instantly, while Standard Redemption returns assets to users by 10:00 UTC on the third day following the request.

Although RWUSD is benchmarked to yields derived from tokenized RWAs, Binance explicitly clarifies that it does not constitute a tokenized security, fund, or transferable on-chain asset. The firm emphasizes that users have no direct claim to the underlying RWAs or the income generated.

RWUSD is unavailable to U.S. persons and subject to change in yield rates, subscription caps, and redemption conditions, per Binance’s internal policies.

The product’s backing stems from revenue streams within Binance’s ecosystem and select off-chain assets, not from on-chain collateral or third-party custodians.

RWUSD remains confined within Binance’s closed-loop system, aiming to appeal to yield-seeking users with high subscription thresholds and collateral options, without directly engaging with tokenized securities markets.

Mentioned in this article

May 26th, 2025 – Panama City, Panama

class=”ql-align-justify”>Flipster, a global cryptocurrency trading platform, is launching APR Supercharge, a limited-time rewards campaign offering users up to 122% APR on eligible USDT deposits.

Running from June 1 to June 14, 2025, the initiative combines deposit-based yields with trading incentives, rewarding active users on the platform.

Users who deposit USDT will earn a 20% base APR on new net deposits, applicable across all supported networks. By maintaining a daily trading volume of at least 250,000 USDT and depositing via the TON or APTOS networks, they have the opportunity to unlock an additional 80% APR boost the following day—bringing total potential rewards to 100% APR.

These rewards are stackable with Flipster’s existing Earn Campaign, which offers up to 22% APR on USDT balances—allowing eligible users to potentially earn a combined APR of up to 122%, rewards distributed daily in USDT. There are no lock-up periods—users retain full access to their capital at all times. Rewards are calculated based on the 24-hour average net deposit, with a cap of 200,000 USDT per user.

Flipster offers trading across 350+ cryptocurrencies, including BTC, ETH, trending altcoins, and meme coins, giving users a broad range of opportunities to trade and qualify for the APR boost. 

With a zero-fee model—no maker or taker fees on spot and perpetual futures trades—along with no deposit fees and low-cost withdrawals, Flipster ensures full pricing transparency. Combined with tight spreads, the platform ensures cost-efficient execution for all types of traders.

For advanced traders, up to 100x leverage is available on perpetual futures markets, enabling flexible position sizing to match market conditions and trading strategies.

APR Supercharge is part of Flipster’s broader commitment to building an accessible, user-first trading experience. As the platform expands globally, its suite of campaigns and earning tools continues to offer users smarter ways to trade, earn, and grow their portfolios—without hidden fees or unnecessary friction.

APR Supercharge launches on June 1, 2025. Users can participate by depositing USDT via eligible networks and maintaining daily trading activity throughout the campaign window. Full campaign mechanics and eligibility details are available here.

About Flipster

Flipster is a global cryptocurrency trading platform that delivers fast, secure, and intuitive access to digital assets. With over 350 trading pairs across spot and perpetual futures markets, Flipster combines zero trading fees, tight spreads, and up to 100x leverage to give users a powerful edge in any market condition.

Users can trade and earn simultaneously—with USDT used for trading continuing to earn APR rewards—maximizing capital efficiency without sacrificing execution.

Designed with a focus on security and a user-first experience, Flipster delivers the speed, transparency, and reliability traders need to move with confidence.

Over the past year, Flipster’s trading volume grew 856%, and total user assets increased by more than 6,000%, solidifying its position as a leading derivatives trading platform.

Users can learn more at flipster.io or follow X.

Contact

Press Contact
pr@flipster.io

Ethereum’s weekly All Core Developer calls are a lot to keep up with, so this “Checkpoint” series aims for high-level updates roughly every 4-5 calls, depending on what’s happening in core development. See the previous update here.

tl;dr:

The past month centered on locking in the scope of the Fusaka upgrade and final Pectra deployment details. The Pectra upgrade ships on mainnet in just about a week, after which focus will shift to Fusaka testing and deciding what goes into the Glamsterdam upgrade (in other words, the ”scope” of the upgrade). A new All Core Developer (”ACD”) call structure will split testing and scoping into separate calls to parallelize and accelerate shipping upgrades.

Pectra

Mainnet client releases are out for the Pectra upgrade and it’s scheduled to go live on May 7th.

Since the last Checkpoint, Pectra went live on ethereum’s newest long-lived testnet, Hoodi. It went well, much to the relief of client devs and testing teams who were cautious to celebrate too soon after bumpy Holešky and Sepolia upgrades.

In response to these bumpy upgrades, guardrails were established in the forms of process formalization, expected timelines between testnet upgrades and mainnet upgrade scheduling, incident response roles, and configuration standardization.

Pectra’s main features are summarized on the ethereum.org Pectra page and a watch party will follow the fork going live.

History expiry

History expiry allows clients to stop storing pre-Merge history, easing hardware and network requirements. This does not require a hard fork. Clients are set to support pre-Merge history expiry on the Sepolia network by May 1st. Mainnet support is expected shortly after Pectra on mainnet.

Long-term history will still be available through archive nodes and the Portal network and client implementations will allow a user to optionally disable pruning.

Fusaka

The headliner of the Fusaka hard fork is PeerDAS and the broad scope has been finalized.

Outside the headlining EIP,

Not all of the CFI’d EIPs will necessarily make it into the fork (two of them, 7762 & 7918, are either/or). They’ll be added into the testing pipeline and moved to SFI if their implementation progresses smoothly without introducing excessive complications. Fusaka fork testing will have a number of devnets, then fork on testnets, before being scheduled for mainnet. Shipping PeerDAS is paramount!

PeerDAS

PeerDAS lets nodes verify blobs by sampling instead of needing the full payload, making room in bandwidth and storage requirements for other upgrades. This makes way for scaling – cryptographically secure sampling techniques means that we can scale without sacrificing ethereum’s decentralized validator set. Testing is ongoing, just having concluded its sixth devnet, with the seventh set to launch this week. Testing has been a collaborative effort between client teams, Ethereum Foundation teams, L2 core devs, and network tooling researchers.

EOF

EOF is a multi-EIP upgrade to the EVM. Because of a significant divide on opinions on if (and what version of) EOF should be implemented, it was removed from the Fusaka scope during the 28 Apr EOF “final decision” discussion. It may yet be proposed for future upgrades.

Debate centered around its complexity, long-term relevance, and the potential to add its features piecemeal instead. Critics argue that it could double maintenance costs (legacy + EOF) and needs more review from app layer devs.

Supporters and implementers acknowledge its imperfections, but argue that it’s needed to pay down tech debt, increase security, unlock compiler & gas-efficiency gains, and establish a cleaner foundation for future EVM evolution.

BPO forks

The third EIP SFI’d for Fusaka is the Blob Parameter Only (BPO) forks. This would allow preconfigured blob scaling between hard forks. Blob increases would be baked into clients and happen on a pre-defined schedule while being monitored for issues. This EIP has broad support and plays a significant role in accelerating scalability.

Process improvements

Pectra has tested the limits of the current All Core Devs process – this upgrade is the biggest fork in ethereum’s history by number of EIPs, and was even larger before it was split into two: it originally contained PeerDAS and EOF!

To improve the efficiency of this process, changes are taking shape that:

• Better parallelize upgrades so that the upgrade two forks ahead is already being scoped before the current fork goes live (for example, if we had the process down right now, the Glamsterdam fork scope would be finalized while Pectra is in its last stages and Fusaka implementation is ongoing)
• Split regular calls into “all core devs” testing and “all core devs” scoping. Testing calls would cover the current fork and scoping calls would deal with CFI’ing EIPs for the next fork
• Create a new call series that discusses longer-term goals and guides research directions. Ideally, this would lead to more agreement and less debate by the time scoping and then testing is ongoing.

Core devs are ambitiously targeting to fork to Fusaka, which focuses on scaling, by the end of 2025: doable but difficult. In my opinion, if it doesn’t ship by a few weeks prior to Devconnect, it won’t ship until February 2026 because of momentum lost over the holidays, so a “by EOY 2025” delivery would be by October.

The new process of splitting the ACD calls does seem promising to keep conversations on topic, bring in new voices, and minimize the problem of revisiting old conversations so calls aren’t bogged down by debates around scoping as has been the case with EOF. It also may mitigate any tendency to conflate short-term implementation plans with long-term research directions.

Despite some doom & gloom chatter in wider crypto circles, there’s a ton of momentum in ethereum core protocol development. The process is evolving, research is strong, and implementation is speeding up!

Relevant ACD calls

28.04.25: EOF discussion (timestamped)

24.04.25: ACDE #210 (EthMag)

17.04.25: ACDC #155 (EthMag)

10.04.25: ACDE #209 (EthMag)

03.04.25: ACDC #154 (EthMag)

27.03.25: ACDE #208 (EthMag)

We’re thrilled to introduce USDG Rewards, Kraken’s newest rewards program that empowers you to maximize the value of your assets effortlessly. Designed with simplicity and accessibility in mind, USDG Rewards helps you earn up to 4%+ APR – automatically – on your USDG (a stablecoin pegged 1:1 to the U.S. dollar) holdings.¹

With no activation required, weekly payouts and complete flexibility, USDG Rewards redefines what it means to earn with stablecoins, providing a smarter and more rewarding way to grow your portfolio – whether you’re an experienced trader or just starting your crypto journey.

What is USDG? 

At the heart of our revamped rewards program is USDG, an ERC-20 and Solana (SPL) token developed and issued by Paxos, in partnership with industry-leading players like Kraken, Robinhood and Anchorage. Learn more about Kraken’s Partnership in the Global Dollar Network here.

USDG is revolutionizing the way traders, investors and savers interact with stablecoins, combining the reliability of U.S. dollar-backed reserves with the efficiency and transparency of blockchain technology. 

What is USDG Rewards?

USDG Rewards is a program that allows you to earn rewards on the USDG you hold in your Kraken account. Simply buy, convert or transfer USDG into your Kraken account and you start earning rewards automatically.

How USDG Rewards benefits you

• Start earning immediately: Reward accrual begins as soon as USDG is in your account – no activation needed.
• Fee-free conversion: 1:1 conversion USD to USDG fee-free, ensuring every dollar works harder for you.
• Weekly payouts: See your balance grow consistently with rewards distributed directly to your account every week.
• Total flexibility: Trade or withdraw your USDG anytime, while always earning rewards while it remains in your account.

What are the ways I can earn with USDG Rewards?

1. Automatically earn 2% APR – with no fees – on all USDG held in your Kraken account.
2. Double those rewards to up to 4%+ APR with a $4.99/month subscription to Kraken+, which also gives you up to $10k in Instant transaction fee-free trading/month.²

At up to 4%+ APR, just $1,500 held in your Kraken account for one year would return $60 – fully paying for your entire year’s Kraken+ subscription – including the up-to-$10k in free Instant transaction trading every month.

How to get started with USDG Rewards

1. Be verified at Intermediate or Pro level
2. Reside in a participating country (see program eligibility details here)
3. Hold USDG in your account — it’s that simple!

To make earning even easier, we’re scrapping trading fees on USD-to-USDG conversions on our platform, so users can seamlessly move from fiat to stablecoins and start earning rewards immediately. That’s all you have to do to earn 2% APR on your USDG.

Stay tuned for more updates as we continue to innovate and improve your financial journey.