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Circle’s USYC Now Supported as Yield-Bearing Off-Exchange Collateral for Binance’s Institutional Clients
Circle Internet Group, Inc. (NYSE: CRCL) has announced a new collaboration with Binance, the world’s leading blockchain ecosystem and digital asset exchange. Together, Circle and Binance are accelerating support to meet the growing demand for tokenized Real-World Assets among Binance’s institutional clients.
As part of this effort, Binance institutional customers can now hold Circle’s USYC – one of the world’s leading tokenized money market funds (TMMFs) – and use it as off-exchange collateral for derivatives trades, unlocking more opportunities for yield in a way that is modeled after practices in traditional financial markets. USYC will be kept with supporting banks through Binance Banking Triparty, or with Ceffu, Binance’s institutional custody partner. Further, USYC will be natively issued on BNB Chain, enabling USYC users to more seamlessly explore the onchain world and potential of tokenized traditional assets.
This partnership comes amid surging demand in the broader market for tokenized interests in US Treasuries, which has nearly doubled since the start of 2025. USYC offers near-instant fungibility with USDC. This enhances capital efficiency for USYC users, who can now move across tokenized cash and Treasuries in near-real time.
“USYC’s integration with Binance unlocks new possibilities for institutional capital efficiency,” said Kash Razzaghi, Chief Business Officer at Circle. “Its near-instant redemption into USDC makes it an obvious fit for modern collateral use in digital markets.”
Catherine Chen, Head of Binance VIP & Institutional added, “We’re committed to building secure, accessible, and capital-efficient offerings for institutions. The integration of USYC into Binance’s trading environment represents a major step forward in our support for the future of capital markets.”
Learn more about USYC here.
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