Not Simple Wealth Management, RWUSD Interpretation I have heard of this RWUSD product for a long time, and this time Binance has finally announced that it has raised the hard threshold for stablecoin wealth management to 4.2%, which is a great job. Previously, the investment returns of USDT on Binance were too low, staying between 1.73% and 3.5% for the past three months, forcing them to move stablecoins around to seek investment opportunities. Seeing someone say this thing is useless, it's not simple. Let me interpret the meaning of this product. ~~~~~~~~~~~~~~~~~ ⏩ This product may not have the highest returns when the market is hot, but when the market is not hot, it will be the most stable (backed by US Treasury bonds) - a bear market flattening tool. ⏩ Yuan An began to rob Tether and Circle of treasury bond stable currency business, and gave the profits to retail investors. Where do Tether and Circle's high incomes come from? Isn't it just eating this profit? And it is stipulated that interest cannot be paid. So Binance has designed a zero wear product to give retail investors a piece of cake. Going deeper, it's actually cutting off the investment share of USDT/USDC. Think about how much USDT you usually use for trading at any time and how much you use for stablecoin wealth management. If you switch all your wealth management shares to RWUSD during a market bear, how much less USDT/USDC would be circulating? ⏩ Binance has an additional revenue channel, making it even more profitable. It should be noted that the article states that a maximum annualized rate of 4.2% can be obtained, but currently it seems that it is basically just earning money without making any profit. But given @ binancezh's strong reputation and compensation capabilities in the industry, clear profit sources for the product itself, and Binance's superior service level compared to Coinbase, I feel that there is a high probability that many lazy whales will consider putting idle funds into it, and it will be long-term. The bull market may not be evident, and when the market cools down, I suspect that this product may absorb idle funds in the market. After all, there is no longer a need to consider switching to US dollars for US Treasury bonds, and it can be changed to short-term bonds at any time. After the volume is built up, a slight handling fee is the pure "sleep income" of Binance. Just calculate it casually: In the past 12 months, the average supply of USDT+USDC was 170B. If the market cools down and 20% of it is for financial needs, and RWUSD is used instead, and Binance charges a management fee of 0.1%, then the annual return would be 34M (34 million US dollars), 0.2%? Also, don't forget that currently RWUSD can only be used as collateral for loans, but what if we explore other features? For example, joint margin, or supporting the Defi project to build Lego? ~~~~~~~~~~~~~ To summarize: This product is a strategic product for Binance to increase revenue by cutting the cake from USDT/USDC, not just for simple financial management. For small and medium-sized households like me, there may be an additional wealth management channel, but it is very valuable for large households with long-term stable financial needs. Beneficial for Binance to increase revenue, I hope it can ultimately be fed back to BNB.