USYC Tops $1B On-Chain, With Over $900M Deployed on BNB Chain as Major Institutions Accelerate Tokenized Assets

COINOTAG News reported on November 20 that data from RWA.xyz shows Circle’s interest-bearing stablecoin USYC has surpassed $1 billion in on-chain supply, with more than $900 million deployed on the BNB Chain. The milestone underscores rising institutional participation as the BNB Chain cements its role as a core layer for on-chain assets. Over the past year, global institutions have begun tokenizing and onboarding assets on the network, signaling deeper adoption of tokenized products and secure collateral workflows.

During the same period, a cadre of incumbents has rolled out tokenized offerings on the BNB Chain, including BlackRock’s BUIDL Fund tokenized via Securitize and accepted as collateral by multiple mainstream institutions; Ondo’s launch of 100 tokenized US stocks and ETFs; CMB International’s on-chain migration of a $3.8 billion money-market fund; Franklin Templeton expanding its Benji platform to the BNB Chain; and Securitize × VanEck‘s VBILL providing exposure to US Treasury bonds.