Tokens Tracking Circle Stock Span Binance, Ondo and xStocks

Tokens tied to Circle Internet Group shares give eligible non-U.S. investors blockchain-based exposure to its stock price, but their ownership, redemption and collateral rules differ. Circle, the issuer of USD Coin (USDC), trades on the New York Stock Exchange as CRCL. Binance’s bStocks product uses the symbol CRCLB, Ondo Finance uses CRCLon, and xStocks uses CRCLx. The tokens are issued by third parties, not Circle. The products are not offered in the United States or to U.S. persons, including those outside the country, subject to each product’s terms. Their availability through platforms serving international users does not change those restrictions.