Circle’s yield-bearing stablecoin USYC is now accepted as collateral on Binance, advancing tokenised asset adoption.

Circle and Binance, as part of an ongoing tie-up, are collaborating on USYC as a means to make it easier for TradFi firms to ...

Circle Internet Group, Inc. (NYSE: CRCL) announced a collaboration with Binance, the world’s blockchain ecosystem and digital ...

Circle Internet Group, Inc. has announced a new partnership with Binance to bring the USYC stablecoin into Binance’s trading ...

Binance will begin accepting Circle’s yield-sharing stablecoin USYC as collateral for institutional clients, according to an ...

Notably, Binance has been a long-time competitor of Coinbase Global Inc., which has a close relationship with Circle. USDC was launched through a joint venture between Coinbase and Circle in 2018.

The upshot is that Circle appears to have made peace with its old rival in order to take advantage of Binance’s vast network and find new customers for USDC. Binance, meanwhile, will be able to ...

Circle will work with Binance to build relationships across the finance and commerce landscape, as companies seek to benefit “from crypto infrastructure and stablecoins for an “increasingly ...

The B-Token version of Circle’s USDC was also impacted, with Binance having only $100 million in stored collateral to support $1.7 billion in Binance-peg USDC.

Crypto is coming off a winning month but could soon hit the brakes amid the new macro uncertainty, and in a month usually ...