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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New Loanable Assets Available on Flexible Loan & VIP Loan (2023-08-25)
https://www.binance.com/en/support/announcement/27971d78ed084de09ecc941e63751190

New Loanable Assets Available on Flexible Loan & VIP Loan (2023-08-25).