Binance，USYC令牌和機構抵押品：一個新時代？

Binance集成了Circle的USYC代幣，使機構客戶能夠將其用作交換抵押品，提高資本效率和現實世界中的資產採用。

Yo, crypto enthusiasts! Big moves are happening with Binance, Circle's USYC token, and how institutions are playing the collateral game. Let's dive into what's shaking up the digital asset scene.

喲，加密愛好者！ Binance，Circle的USYC代幣以及機構如何玩抵押遊戲，正在發生重大動作。讓我們深入了解正在震撼數字資產場景的原因。

Binance Embraces USYC for Institutional Collateral

Binance包含歐洲統計局的機構抵押品

Binance has officially integrated Circle’s USYC token into its platform. What does this mean? Institutional clients can now use this tokenized money market fund as off-exchange collateral in derivatives trading. This collaboration aims to meet the soaring institutional demand for tokenized Real-World Assets (RWAs) and drastically improve capital efficiency by enabling near-instant conversion of USYC into USDC stablecoin.

Binance已正式將Circle的USYC代幣納入其平台。這是什麼意思？機構客戶現在可以將這個令牌化的貨幣市場基金用作衍生品交易中的非交換抵押品。這項合作旨在滿足對代幣化現實資產（RWA）的機構需求，並通過使USYC的近乎固有轉換為USDC Stablecoin，從而大大提高資本效率。

USYC: The Tokenized Money Market Fund Deconstructed

USYC：象徵化的貨幣市場基金解構

So, what exactly is USYC? It's a tokenized money market fund backed primarily by short-term U.S. Treasury bills. It offers continuous yield and high liquidity, tackling a key challenge for institutions: how to generate yield while maintaining operational flexibility. Through blockchain tokenization, USYC facilitates real-time transfers and near-instant redemption into USDC, ensuring seamless movement between tokenized cash and Treasury assets.

那麼，USYC到底是什麼？這是一個像徵性的貨幣市場基金，主要由美國國債短期賬單支持。它提供了持續的產量和高流動性，應對機構的關鍵挑戰：如何在保持運營靈活性的同時產生產量。通過區塊鏈令牌化，USYC促進了實時轉移並兌換到USDC，從而確保了代幣化現金和財政資產之間的無縫移動。

Kash Razzaghi, the Chief Business Officer at Circle, nailed it when he said, “USYC’s integration with Binance unlocks new possibilities for institutional capital efficiency. It's near-instant redemption into USDC makes it an obvious fit for modern collateral use in digital markets.”

Circle的首席業務官Kash Razzaghi說：“俄羅斯與Binance的整合為機構資本效率釋放了新的可能性。它幾乎可以兌換到USDC中，使其顯然適合在數字市場中的現代股外使用。”

The Binance Angle

Binance角

This integration allows Binance’s institutional customers to hold USYC off-exchange, with custody support provided through Binance Banking Triparty or Ceffu. Issued natively on the BNB Chain, USYC users gain easier access to on-chain opportunities tied to traditional assets. And get this: demand for tokenized Treasury interests has nearly doubled since the start of 2025, showing where the smart money's going.

這種集成使Binance的機構客戶可以通過Binance Banking Triparty或Ceffu提供監護權支持，使USYC脫離交換。 USYC用戶本地發行在BNB鏈上，更容易獲得與傳統資產相關的鏈上機會。並得到這一點：自2025年初以來，對代幣化的國庫利益的需求幾乎翻了一番，顯示了智能資金的去向。

The Bigger Picture: Tokenized Assets are Taking Over

更大的前景：令牌資產正在接管

Tokenized money market funds like USYC are emerging as serious contenders to stablecoins in institutional finance. They offer yield while playing nice with traditional regulatory frameworks. Plus, blockchain's automation speeds up settlement and tightens risk management compared to old-school systems. Circle’s collaboration with Binance isn't just a one-off; it's a sign of broader changes rumbling through digital capital markets.

像USYC這樣的代幣貨幣市場基金正在成為機構金融中穩定幣的嚴重競爭者。他們在使用傳統的監管框架的同時提供產量。另外，與老式系統相比，區塊鏈的自動化加快了解決方案，並加強了風險管理。 Circle與Binance的合作不僅是一次性的。這是通過數字資本市場隆隆的隆隆聲的跡象。

Circle's Ascent: IPO and Beyond

Circle的上升：IPO及以後

Let's not forget Circle's recent moves. The Boston-based fintech company made waves with its stock market debut, becoming the first stablecoin issuer to go public. It's a landmark moment for the digital asset sector. The firm’s flagship product, USD Coin (USDC), is currently the world’s second-largest stablecoin, with $61 billion in circulation.

讓我們不要忘記Circle最近的舉動。這家總部位於波士頓的金融科技公司在其股市首次亮相時引起了轟動，成為第一位公開發行的Stablecoin發行人。這是數字資產行業的里程碑式時刻。該公司的旗艦產品USD Coin（USDC）目前是全球第二大穩定產品，流通量為610億美元。

Circle has also applied to establish a national trust bank in the U.S., aiming to put its stablecoin reserves under federal oversight, showing they're serious about navigating the evolving regulatory landscape.

Circle還申請在美國建立國家信託銀行，旨在將其穩定儲備儲備在聯邦監督之下，表明他們很認真地瀏覽不斷發展的監管景觀。

My Take: It's All About Efficiency and Compliance

我的看法：這全都與效率和合規性有關

Personally, I think this is a game-changer. Institutions are craving yield, but they also need to stay compliant and manage risk. USYC offers a sweet spot: it's a yield-generating asset that fits into existing regulatory structures. By integrating USYC, Binance is positioning itself at the forefront of this institutional wave, offering a compelling solution for sophisticated investors. The near-instant redemption into USDC is key; it's all about liquidity and speed in today's fast-moving markets.

就個人而言，我認為這是一個改變遊戲規則的人。機構渴望產量，但他們也需要保持合規並管理風險。 USYC提供了一個絕佳的位置：這是一個屈服的資產，適合現有的監管結構。通過整合USYC，Binance將自己定位在這一機構浪潮的最前沿，為先進的投資者提供了令人信服的解決方案。近乎固定的贖回是USDC的關鍵；這一切都與當今快速發展的市場中的流動性和速度有關。

Looking Ahead

展望未來

This Binance-Circle partnership is more than just a headline; it's a blueprint for how traditional finance and digital assets can merge. Expect more updates as this story unfolds. The world of crypto never sleeps, and neither do the opportunities. Stay tuned, folks!

這種Binance-Circle夥伴關係不僅僅是標題。這是傳統金融和數字資產如何合併的藍圖。隨著這個故事的展開，期望會有更多更新。加密世界永遠不會睡覺，也沒有機會。請繼續關注，伙計們！