Circle Launches USYC on BNB Chain
Circle has launched its tokenized money-market fund, USYC, on the BNB Chain. This allows developers to use a regulated, yield-bearing collateral within BNB Chain’s DeFi ecosystem.
USYC generates daily yield through price appreciation and redeems instantly in USDC. Eligible non-U.S. institutions can use USYC in lending markets, perpetual DEXs, vaults, and other DeFi protocols.
Features of USYC for DeFi
USYC functions as an ERC-20 and BEP-20 token. It accrues yield without staking or reward contracts. Developers on BNB Chain who complete Circle’s onboarding process can use USYC as high-quality collateral.
- Supports borrow/lend markets
- Accepted as margin in derivatives platforms
- Used in vaults for yield strategies
Subscriptions and redemptions settle directly in USDC, providing near-instant liquidity without delays.
BNB Chain Strengthens Role in Tokenized Real-World Assets
USYC’s launch follows BlackRock’s recent $2.9 billion tokenized Treasury fund, BUIDL, launching on BNB Chain. Binance has added BUIDL as eligible collateral for institutional trading.
With both USYC and BUIDL available, BNB Chain now hosts major tokenized cash and Treasury products. This enhances the network’s ecosystem for regulated, yield-bearing assets in DeFi.
Circle’s CEO, Jeremy Allaire, highlighted that tokenized dollars and Treasuries are key to the next phase of digital markets. Circle sees USYC filling a gap by providing a fully reserved, daily-priced, on-chain money-market fund within DeFi.
Circle expects further integrations as institutions bring more regulated yield products on-chain. BNB Chain aims to remain a leading hub for real-world asset tokenization and institutional adoption in 2026.
