💵 BGUSD vs RWUSD — The Stablecoin Yield Showdown

Bitget’s tokenized U.S. Treasuries take on Binance’s closed-loop credit in the battle for passive-income stable assets.

📊 Numbers That Matter

• BGUSD base APR: 5.0%, paid daily
• RWUSD APR: Up to 4.2%, variable at Binance’s discretion
• Backing:
  • BGUSD: Tokenized U.S. Treasury funds (real ownership)
  • RWUSD: Internal yield mechanism, no direct ownership
• Integration:
  • BGUSD: Loans, futures margin, Launchpool, PoolX
  • RWUSD: Binance platform only

🥊 The Core Difference

BGUSD isn’t just a number in your account — it’s a tokenized yield-bearing certificate with actual ownership of U.S. Treasury assets. That means:

• Transparent, auditable reserves
• Composability across DeFi and CeFi
• Multi-purpose utility (collateral, staking, trading margin)

RWUSD, on the other hand, is a Binance-native credit product:

• Yield set internally by Binance
• No user control over the underlying assets
• Locked inside the Binance ecosystem

🔍 Why It Matters Post-FTX

• Transparency wins: BGUSD comes with third-party attestations; RWUSD relies on platform trust.
• Capital efficiency: BGUSD can earn yield and be deployed elsewhere. RWUSD yield stops the moment you move funds.
• User autonomy: BGUSD can leave its home platform; RWUSD is effectively walled in.

🌐 The Bigger Picture

This is more than a yield race — it’s a philosophical split in stablecoin design:

• Open + tokenized = Reserves you can verify, assets you can take anywhere
• Closed + internal = Yield dependent on one platform’s balance sheet and decisions

In a post-FTX world, the market is shifting toward auditable, composable, multi-utility stable assets — and BGUSD fits that bill.

TL;DR

• BGUSD pays more (5% vs 4.2%), with tokenized U.S. Treasury backing and full transparency.
• RWUSD is a yield-bearing internal credit — closed-loop, less flexible, less transparent.
• The fight isn’t just about APR, it’s about control, composability, and trust.