While traders argue about where $BTC is headed, Binance quietly changes the rules of the game for major players.
Now institutions can use USYC and cUSDO โ yield-bearing stablecoins โ as collateral for derivatives ๐ธ
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๐ Whatโs happening:
โ #USYC โ a tokenized money market fund from Circle
โ #cUSDO โ an analogue of #OpenEden , provides access to the yield of treasury bonds
โ Both are now available on #Binance as off-exchange collateral
โ This means: yield + liquidity + security, all in one token
๐ฌ โIf USYC were an ex, it would say: โIโm not just stable, I also make moneyโ โ and I would have already added it to my portfolio ๐ โ
๐ This is the first case where a major exchange allows earning on collateral without leaving the crypto ecosystem
๐ Institutions are already calling this the โbridge between TradFi and #defi โ
๐ Subscribe if you also want to watch this crypto circus with me. I promise: it will be fun, volatile, and filled with memes ๐ช๐