Binance，USYC令牌和机构抵押品：一个新时代？

Binance集成了Circle的USYC代币，使机构客户能够将其用作交换抵押品，提高资本效率和现实世界中的资产采用。

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.

哟，加密爱好者！ Binance，Circle的USYC代币以及机构如何玩抵押游戏，正在发生重大动作。让我们深入了解正在震撼数字资产场景的原因。

Binance Embraces USYC for Institutional Collateral

Binance包含欧洲统计局的机构抵押品

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已正式将Circle的USYC代币纳入其平台。这是什么意思？机构客户现在可以将这个令牌化的货币市场基金用作衍生品交易中的非交换抵押品。这项合作旨在满足对代币化现实资产（RWA）的机构需求，并通过使USYC的近乎固有转换为USDC Stablecoin，从而大大提高资本效率。

USYC: The Tokenized Money Market Fund Deconstructed

USYC：象征化的货币市场基金解构

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.

那么，USYC到底是什么？这是一个象征性的货币市场基金，主要由美国国债短期账单支持。它提供了持续的产量和高流动性，应对机构的关键挑战：如何在保持运营灵活性的同时产生产量。通过区块链令牌化，USYC促进了实时转移并兑换到USDC，从而确保了代币化现金和财政资产之间的无缝移动。

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的首席业务官Kash Razzaghi说：“俄罗斯与Binance的整合为机构资本效率释放了新的可能性。它几乎可以兑换到USDC中，使其显然适合在数字市场中的现代股外使用。”

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.

这种集成使Binance的机构客户可以通过Binance Banking Triparty或Ceffu提供监护权支持，使USYC脱离交换。 USYC用户本地发行在BNB链上，更容易获得与传统资产相关的链上机会。并得到这一点：自2025年初以来，对代币化的国库利益的需求几乎翻了一番，显示了智能资金的去向。

The Bigger Picture: Tokenized Assets are Taking Over

更大的前景：令牌资产正在接管

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这样的代币货币市场基金正在成为机构金融中稳定币的严重竞争者。他们在使用传统的监管框架的同时提供产量。另外，与老式系统相比，区块链的自动化加快了解决方案，并加强了风险管理。 Circle与Binance的合作不仅是一次性的。这是通过数字资本市场隆隆的隆隆声的迹象。

Circle's Ascent: IPO and Beyond

Circle的上升：IPO及以后

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.

让我们不要忘记Circle最近的举动。这家总部位于波士顿的金融科技公司在其股市首次亮相时引起了轰动，成为第一位公开发行的Stablecoin发行人。这是数字资产行业的里程碑式时刻。该公司的旗舰产品USD Coin（USDC）目前是全球第二大稳定产品，流通量为610亿美元。

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还申请在美国建立国家信托银行，旨在将其稳定储备储备在联邦监督之下，表明他们很认真地浏览不断发展的监管景观。

My Take: It's All About Efficiency and Compliance

我的看法：这全都与效率和合规性有关

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.

就个人而言，我认为这是一个改变游戏规则的人。机构渴望产量，但他们也需要保持合规并管理风险。 USYC提供了一个绝佳的位置：这是一个屈服的资产，适合现有的监管结构。通过整合USYC，Binance将自己定位在这一机构浪潮的最前沿，为先进的投资者提供了令人信服的解决方案。近乎固定的赎回是USDC的关键；这一切都与当今快速发展的市场中的流动性和速度有关。

Looking Ahead

展望未来

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!

这种Binance-Circle伙伴关系不仅仅是标题。这是传统金融和数字资产如何合并的蓝图。随着这个故事的展开，期望会有更多更新。加密世界永远不会睡觉，也没有机会。请继续关注，伙计们！