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 source: https://finbold.com/binance-integrates-usyc-and-cusdo-as-off-exchange-collateral/