Binance-Peg Litecoin

Binance-Peg Litecoin is a "wrapped" token that represents native Litecoin (LTC) on the BNB Chain (formerly Binance Smart Chain), allowing the asset to be used within the Binance ecosystem. It operates on a 1:1 peg, meaning that for every Binance-Peg LTC token minted, Binance holds an equivalent amount of real Litecoin in a designated public reserve wallet. This tokenization bridges the gap between the two blockchains, enabling Litecoin holders to utilize their assets for decentralized finance (DeFi) activities—such as trading on decentralized exchanges like PancakeSwap, lending, or liquidity farming—which are not possible on the native Litecoin network. The proof of assets can be found on the Binance page, Proof of Collateral for B-Tokens. As of Jan 21, 2026, they are stored at the address MQSs17ECe51kqhkFPQY98wiyPvGuK5iCB6

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1. Litecoin address MQSs17ECe51kqhkFPQY98wiyPvGuK5iCB6. Blockchair. Accessed Oct 4, 2026. (On-chain data; source ID blockchair-1)
2. binance.com/en/collateral-btokens. binance.com. Accessed Oct 4, 2026. (Website; source ID binance-1)
3. Attributed addresses (CSV). Litecoin Register. One address, each with a label and attribution. The on-chain figures are its balance.