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 Pay to Move Away from Pay ID Gradually
https://www.binance.com/en/support/announcement/30b04a8d8c7b4d51a974c6ba094f2f92

Binance Pay to Move Away from Pay ID Gradually.