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 Launches New Innovation Zone and Lists SUN (SUN)
https://www.binance.com/en/support/announcement/2e71a1586f0b445280024d8b4358ef62

Binance Launches New Innovation Zone and Lists SUN (SUN).