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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Binance Futures Will Launch CTK USDT-Margined Perpetual Contract With Up to 50x Leverage
https://www.binance.com/en/support/announcement/e42cfd99f32a4a9aa3c29c8a31ef4ddc

Binance Futures Will Launch CTK USDT-Margined Perpetual Contract With Up to 50x Leverage.