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 Loans Adds USDC as Collateral Option
https://www.binance.com/en/support/announcement/599886e2f1e44172a4a2dc6de0c69503

Binance Loans Adds USDC as Collateral Option.