Circle Internet Group, Inc. (NYSE: CRCL) has announced a collaboration with crypto exchange Binance. Circle is an issuer of stablecoins including USDC.
The two firms aim to meet the “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 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.”
Binance is reportedly used by more than 280 million people in over 100 countries.