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