Crypto
Binance Pays Out $0.50 Per Share in USDC to Eligible Orchid Island Capital Holders
Binance has made waves in the financial world by paying out $0.50 per share in USDC to eligible holders of Orchid Island Capital (NYSE: ORC), a Florida-based mortgage REIT, with a cutoff date of July 10, 2026 for qualification.
This move marks a significant bridge between legacy finance and the crypto ecosystem, allowing crypto-native investors to receive income in USDC without needing traditional financial intermediaries.
The payout amount may differ from Orchid Island Capital's official dividend due to Binance's own distribution schedule and accumulation of dividends over multiple months or quarters.