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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Competition is heating up in the stablecoin market with the emergence of new players. 

How do they compare and how does adoption look? 

Explore the evolving stablecoin landscape with us in the latest #Binance Research report ⬇️
https://research.binance.com/en/analysis/emerging-stablecoins-latest-developments