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Circle: USDC crosses $1 billion on-chain, with $900 million coming from BNB Chain
BlockBeats News, November 20th, according to RWA.xyz data, Circle's interest-bearing stablecoin USYC's on-chain total supply has exceeded $1 billion, with over $900 million deployed on the BNB Chain.
This growth reflects more global institutions deploying on BNB Chain as core infrastructure for on-chain assets. Over the past year, several institutions have launched tokenized products on the BNB Chain, including:
• BlackRock: Its BUIDL Fund tokenized by Securitize and accepted as collateral by multiple mainstream institutions
• Ondo: Launched 100 tokenized US stocks and ETFs
• CMB International: On-chain migration of a $3.8 billion money market fund
• Franklin Templeton: Expanding its Benji platform to the BNB Chain
• Securitize × VanEck: Launching VBILL providing exposure to US Treasury Bonds
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