Binance to integrate Circle’s USYC and cUSDO stablecoins as collateral for institutional clients
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最新报道：According to Fortune magazine, Circle announced that Binance will begin accepting USYC, a stablecoin that shares profits with investors, as collateral for institutional clients. Although many institutional traders using platforms such as Binance will use Bitcoin or other crypto assets as collateral, some traditional institutions are still reluctant to do so. Catherine Chen, head of Binance VIP and institutional business, said that part of the reason is that the dismal collapse of FTX has made many people skeptical about providing collateral on exchanges. Binance is trying to solve this problem through a service called "Banking Triparty". The service involves Binance working with traditional banks to let them act as custodians and use assets held by banks as collateral for cryptocurrency transactions. She added that many partners are working with Binance to integrate USYC, which will provide faster settlement speeds.
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