Binance Expands VIP Loan Services with New Assets

According to the announcement from Binance, the platform has introduced new loanable and collateral assets to its Binance VIP Loan service. The newly added loanable assets include Towns (TOWNS) and Succinct (PROVE), while RWUSD has been added as a collateral asset. RWUSD is described as a principal-protected yield product offering flexible-term subscriptions and daily APR rewards. These rewards are derived from Binance’s ecosystem income and may be supported by innovative real-world assets such as US Treasury Bills. It is important to note that RWUSD is not a stablecoin nor a claim on any real-world assets, underlying security, token, or financial instrument. The APR is determined at Binance’s discretion. To utilize RWUSD as collateral, users are advised to follow a specific procedure. First, RWUSD should be enabled as collateral on the VIP Loan. Following this, users can subscribe to RWUSD directly, with the subscription process being instant and having no impact on the loan-to-value ratio (LTV). Users can refer to the VIP Loan section for the latest interest rates and a comprehensive list of loanable and collateral assets. For further inquiries, users are encouraged to contact the Binance VIP Key Account Coverage team via email. Binance VIP Loan is designed as a large personal and institutional over-collateralized loan service, offering competitive rates, terms, and services. It aims to provide users with enhanced liquidity for long-term investment funds, leveraged trading, and hedging strategies. The service is positioned to unlock greater potential for users' financial objectives.