### Circle and Binance Join Forces to Launch USYC: A Game-Changer for Institutional Investors
**NEW YORK, SINGAPORE — July 24, 2025** — In an exciting development that reflects the growing intersection of traditional finance and blockchain technology, Circle Internet Group, Inc. (NYSE: CRCL) has announced a new collaboration with Binance, the world’s leading blockchain ecosystem and digital asset exchange. This partnership is geared towards accelerating support for tokenized Real-World Assets (RWAs), catering specifically to the needs of Binance’s institutional clients.
### What is USYC?
At the heart of this collaboration is the introduction of Circle’s USYC (Tokenized Money Market Fund), which stands as one of the premier offerings in the tokenized finance space. Institutional clients working with Binance will now have the opportunity to hold USYC tokens and utilize them as off-exchange collateral for derivatives trades. This move not only enhances the accessibility of this cutting-edge financial tool but also unlocks a plethora of opportunities for yield generation, mirroring the operational practices of traditional financial markets.
### Seamless Integration with Binance’s Infrastructure
One of the standout features of the USYC is its integration with Binance’s existing infrastructure. Circle’s USYC will be held with established banks via Binance Banking Triparty or through Ceffu, Binance’s institutional custody partner. This not only instills confidence in security but also facilitates a smooth operational process. The fact that USYC is natively issued on the BNB Chain allows users to explore the potential of onchain applications seamlessly, enhancing the overall user experience.
### Capitalize on Rising Demand for Tokenized Treasuries
The partnership comes at a time when there is surging demand for tokenized interests in U.S. Treasuries—a demand that has nearly doubled since the beginning of 2025. USYC’s unique structure provides near-instant fungibility with USDC, thereby enhancing capital efficiency for its users. This means that clients can move across tokenized cash and Treasuries almost in real-time, a feature that is set to revolutionize how institutional investors manage their assets.
### Insights from Industry Leaders
Kash Razzaghi, Chief Business Officer at Circle, highlights the transformative potential of this integration, stating, “USYC’s integration with Binance unlocks new possibilities for institutional capital efficiency.” He points to the near-instant redemption capability into USDC as a compelling reason for institutions to adopt this innovative collateral use.
Catherine Chen, Head of Binance VIP & Institutional, echoes this sentiment, affirming, “We’re committed to building secure, accessible, and capital-efficient offerings for institutions.” For her, the integration of USYC into Binance’s trading environment marks a significant leap forward in supporting the next generation of capital markets.
### Understanding the Mechanics: Financial Implications
Diving deeper into the financial implications of this collaboration, USYC is essentially a digital representation of shares in the Hashnote International Short Duration Fund Ltd., a registered mutual fund in the Cayman Islands. As the fund aims to provide stable, liquid, and efficient access to money market strategies, the automation and tokenization processes ensure that it’s crafted to meet the rigorous demands of institutional clients.
Notably, the eligibility for investing in USYC is restricted to non-U.S. Persons under the Securities Act of 1933. Potential investors are urged to review docs carefully as additional restrictions may apply. Each USYC token is designed with a clear purpose in the broader framework of digital assets.
### Circle: Pioneering Blockchain Technology
Circle Internet Group, Inc., known for its pioneering efforts in cryptocurrency and digital finance technology, is at the helm of this innovative partnership. With a focus on integrating stablecoins like USDC into the global financial ecosystem, Circle is creating significant touchpoints for businesses to engage with digital currencies. Their mission emphasizes empowering enterprises and developers to weave stablecoin technology into their operational fabric.
### Binance: Redefining Financial Access
On the other side, Binance stands as a giant in the crypto space, facilitating transactions for over 280 million users across 100 countries. With a commitment to creating a secure and transparent trading environment, the platform embodies a blend of traditional financial principles and innovative blockchain practices. Their comprehensive offerings extend beyond trading, encompassing finance, education, and Web3 expansions.
### Final Thoughts
The collaboration between Circle and Binance to launch USYC is a significant marker in the progress of tokenized assets in the financial ecosystem. This partnership not only enhances institutional investor access to innovative financial tools but also represents a broader shift towards integrating blockchain technology with traditional financial practices. As markets evolve, initiatives like this set the stage for an exciting new landscape in capital management and investment strategies.
### Additional Resources
To learn more about USYC and how it can benefit you or your organization, visit [Circle’s official blog](https://www.circle.com/blog/real-time-collateral-with-tokenized-money-market-funds-has-arrived).