Binance integrates USYC and cUSDO as off-exchange collateral
Binance, the world’s largest cryptocurrency exchange, has announced support for tokenized yield-bearing assets USYC and cUSDO through Binance Banking Triparty and institutional custody partner Ceffu, as per the report shared with Finbold on July 24. The integration allows institutional users to hold these assets off-exchange while accessing the Binance platform and receiving yield on pledged collateral. The move expands the supported collateral for institutional users beyond traditional assets, such as fiat currencies and Treasury bills, on Binance Banking Triparty, and beyond native crypto assets on Ceffu. Binance will waive banking triparty fees and absorb Ceffu’s MirrorX and MirrorRSV service fees until 2026. Tokenization of real-world assets, excluding stablecoins, has grown to $24 billion in June 2025, up from $15.2 billion in December 2024. Projections suggest it could reach up to 30% of traditional finance assets, valued at over $400 trillion, by 2034...