Circle: USYC's on-chain revenue surpasses $1 billion, with $900 million coming from the BNB Chain.

According to data from RWA.xyz, Circle's interest-bearing stablecoin USYC has surpassed $1 billion in total supply on its blockchain, with over $900 million deployed on the BNB Chain.

This growth reflects the increasing number of global institutions deploying on-chain assets on BNB Chain as core infrastructure. Over the past year, several institutions have launched tokenized products on BNB Chain, including:

• BlackRock: Its BUIDL fund is tokenized by Securitize and has been accepted as collateral by several mainstream institutions.

• Ondo: Launches 100 tokenized US stocks and ETFs

• CMB International: Puts $3.8 billion in money market funds on the blockchain

• Franklin Templeton: Expanding his Benji platform to BNB Chain

• Securitize × VanEck: Launching VBILL, which provides exposure to U.S. Treasury bonds.