Binance integrates USYC and cUSDO as off-exchange collateral
Main Idea
Binance is integrating tokenized yield-bearing assets USYC and cUSDO through its banking services, aiming to enhance user experience and capital efficiency while supporting institutional engagement with tokenized real-world assets.
Key Points
1. Binance will waive banking triparty fees and absorb Ceffu’s MirrorX and MirrorRSV service fees for tokenized assets USYC and cUSDO.
2. Tokenization of real-world assets, excluding stablecoins, grew to $24 billion in June 2025 from $15.2 billion in December 2024.
3. Catherine Chen of Binance highlighted the focus on enhancing user experience and capital efficiency through the integration of tokenized assets.
4. Kash Razzaghi of Circle emphasized the collaboration's significance for institutional engagement with tokenized real-world assets.
5. Jeremy Ng of OpenEden noted the shift toward compliance-focused, yield-bearing assets in institutional crypto adoption.
Description
Binance , the world’s largest cryptocurrency exchange , has announced support for tokenized yield-bearing assets USYC and cUSDO through Binance Banking Triparty and institutional custody partner Ceffu, as per the report shared with Finbold on July 24. The integration allows institutional users to hold these assets off-exchange while accessing the Binance platform and receiving yield on pledged collateral. The move expands the supported collateral for institutional users beyond traditional assets...
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