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 Simple Earn Launches TIA and DAI Locked Products
https://www.binance.com/en/support/announcement/7923ebd52c544a5d92f4f767a7af733d

Binance Simple Earn Launches TIA and DAI Locked Products.