BINANCE INTEGRATES CIRCLE'S USYC AS YIELD-BEARING COLLATERAL

Summary from the TLDR Crypto newsletter

Binance has integrated Circle's tokenized money market fund, USYC, as off-exchange collateral for institutional derivatives trading, deepening the partnership between two of crypto's biggest players. USYC, comparable to BlackRock's BUIDL, offers yield exposure to U.S. Treasurys and near-instant convertibility with USDC, making it a capital-efficient bridge between tokenized dollars and real-world assets. The integration, which includes native issuance on BNB Chain, marks a major move for Circle's RWA strategy and comes shortly after its IPO and acquisition of tokenization startup Hashnote.