Binance USD (USD) is a stable coin issued by the regulated Paxos platform with the support of the Binance cryptocurrency exchange. It is pegged to the US dollar and backed by real currency in bank accounts, which is confirmed by monthly checks. Binance USD is one of the few digital currencies approved by the NYDFS (New York State Financial Services Authority).

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Updates to Terminologies
https://www.binance.com/en/support/announcement/96f8819ce9bd429a8e733f87e92a2207

Updates to Terminologies.

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