Binance will merge USYC and CUSDO as non-exchange collateral

Binance, the world’s largest cryptocurrency exchange, announced its support for USYC and CUSD through its Binance Banking Triparty and its institutional custody partner CEFFU, according to a report shared with Finbold on July 24.

The integration allows institutional users to avoid exchanging these assets while they access the Binance platform and receiving the pledged collateral yield.

The move extends collateral supported beyond traditional assets, beyond traditional assets, beyond traditional assets, beyond the native crypto assets of Fiat Currency, Treasury Invoices, Vinance Banking Tripty and Sef. Binance will abandon its bank tripty fees and absorb Ceffu’s Mirrorx and MirrorRSV service charges until 2026.

Tokenization of real-world assets excluding Stablecoins increased from $15.2 billion in December 2025 to $24 billion in June 2025. It suggests that by 2034 it could reach up to 30% of traditional financial assets exceeding $400 trillion.

Executive perspective

Catherine Chen, Head of Binance VIP & Institutional, said the integration marks Binance’s focus on improving user experience by providing institutional clients with more options to optimize capital efficiency while meeting risk management requirements.

“The integration of tokenized real-world assets represents an ongoing focus on enhancing the user experience for binance. By supporting USYC and CUSD from BinanceBankingTriparty and Custody Partner Ceffu, we provide facility clients with more options to optimize capital efficiency while balancing risk control requirements. Chen said. “The tokenization of real-world assets allows users to benefit from the unique properties of digital assets, including faster and cheaper payments, 24/7, and on-chain transparency, as well as unlocking cryptographic adoption.”

Kash Razzaghi, Chief Business Officer at Circle, highlighted the importance of collaboration in institutional involvement with tokenized assets. “This collaboration with Binance shows meaningful advances in how institutions can engage with tokenized real-world assets,” says Ratzgi. “USYC offers capital efficiency and risk-controlled options for institutional investors by making it available as a collateral for non-exchanges with potential yields.

Openeden founder and CEO Jeremy Ng highlighted the shift in yield assets focused on compliance in facility crypto adoption. “We are entering a new phase of crypto adoption at institutions, which is at the heart of the way compliance-focused assets like CUSDO are deployed in chains.” ng said. “CUSD’s integration with Binance Banking Triparty and its custody partner Ceffu demonstrates how institutional-grade RWA can provide the capital efficiency and security needed to promote meaningful participation from institutions.”

USYC represents the profits of Hasnote International Short-Term Yield Fund Ltd, a tokenized money market fund registered in the Cayman Islands that invest in reverse buyback agreements supported primarily by US government securities.

Cusdo is a wrap version of Openeden Opendollar, a stable coin that supports the yield of libesting issued by Openeden Digital, with reserves backed by a US Treasury bill and reversed repurchase agreement.

Special images via ShutterStock.