Binance May Expand Institutional Collateral Options by Adding Circle’s USYC Token

Key Points

1. Binance incorporated Circle’s USYC token as collateral for OTC derivatives trading, broadening Treasury-linked instruments.

2. USYC is natively supported on Binance’s BNB Chain, offering fixed-income exposure within the crypto derivatives ecosystem.

3. USYC is backed by Treasury securities and leverages Circle’s acquisition of Hashnote, a tokenization platform.

4. Nearly $700 million in assets tied to U.S. government debt are represented on-chain, many associated with USYC.

5. The integration may encourage further adoption of tokenized fixed-income products in digital markets.