7 月 3 日，据官方消息，Binance 平台为达到 VIP 5 等级交易量及以上的企业用户（KYB）推出机构借贷，该项新功能可提供最高 4 倍的杠杆，支持跨多个子账户和资产账户聚合抵押品。解除杠杆抵押品的单一账户限制，进一步提升资金效率和灵活性。

<div><p>7 月 3 日，据官方消息，Binance 平台为达到 VIP 5 等级交易量及以上的企业用户（KYB）推出机构借贷，该项新功能可提供最高 4 倍的杠杆，支持跨多个子账户和资产账户聚合抵押品。解除杠杆抵押品的单一账户限制，进一步提升资金效率和灵活性。</p></div>

Binance推出机构借贷

On July 3rd, according to official sources, Binance launched institutional lending for enterprise users (KYB) who have reached VIP 5 trading volume and above. This new feature can provide up to 4x leverage, supporting cross-sub-account and asset account aggregation of collateral. It removes the single-account collateral restriction, further improving capital efficiency and flexibility.

<div><p>On July 3rd, according to official sources, Binance launched institutional lending for enterprise users (KYB) who have reached VIP 5 trading volume and above. This new feature can provide up to 4x leverage, supporting cross-account collateral aggregation across multiple sub-accounts and asset accounts. By removing the single-account collateral restriction, it further enhances capital efficiency and flexibility.</p></div>

Binance Launches Institutional Lending

In the crypto world, what truly determines victory is never code, but the interplay between liquidity, power, and regulation. The rise and fall of BUSD is not merely a tragic tale of a stablecoin, but a financial war waged by exchanges attempting to "unify the world."

When BUSD was thrust onto the historical stage, it carried not only a compliance narrative, but also Binance's ambition to reshape the stablecoin order through coercive measures—by manipulating exchange rates and merging trading pairs, directly swallowing competitors' liquidity into its own ledger.

The "automatic conversion" of 2022 was a textbook example of a blitzkrieg; and 2023...

The Rise and Fall of Binance's Dominance: From BUSD's "Unification" to $U's "Conquering the World"—The Stablecoin Wars

Source: Galaxy Research; Translation: Jinse Finance xz
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