Circle has launched its interest-bearing money market fund token, USYC, on the BNB Chain, exclusively for eligible non-US users. This development allows developers to integrate USYC as yield-generating collateral into various DeFi platforms, including lending markets and yield vaults. The token offers automatic yield accumulation without the need for staking or distribution.
USYC supports instant on-chain redemption to USDC, making it ideal for efficient liquidation and automation strategies. Its integration method is compatible with ERC-20 tokens, facilitating seamless adoption across DeFi applications.
Circle Launches USYC on BNB Chain for Non-US Users
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
