Here is a comprehensive analysis of the three major channels for stablecoin investment, combining profit logic, yield levels, and security assessments to help you balance risk and return: 📍 1. Centralized platforms (CEX) earning interest Representative products: Binance RWUSD (4.2% APR), Nexo (up to 12% APR) Profit logic: Users deposit stablecoins (e.g., USDT/USDC), and the platform invests them in low-risk real-world assets (RWA), such as U.S. Treasury bonds or institutional lending, to earn interest spreads. For example, Binance RWUSD is essentially an internal accounting instrument of the platform, not an on-chain asset...