USYC Expands to #BNB Chain!
@Circle’s tokenized money market fund, $USYC is now live on @BNBChain, opening the door for eligible non-US institutional developers to integrate yield-accruing collateral directly into the DeFi protocols they already use. $USYC functions as a tokenized money market fund that accrues daily yield through price appreciation and offers onchain USDC redemptions, making it a powerful building block for lending markets, margin systems, and automated vault strategies.
With USYC on BNB Chain, eligible teams can now:
- List USYC in lending markets, allowing lenders to earn yield and borrowers to potentially reduce net interest.
- Use USYC as margin collateral on perp DEXs, letting traders earn yield on collateral while trading.
- Build yield vault strategies that deploy USYC into automated, yield-bearing positions.
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