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 and Collateral Assets Available on Flexible Loan & VIP Loan (2023-07-12)
https://www.binance.com/en/support/announcement/b9022967318d4e5f8fa2861d8099626e

New Loanable Assets and Collateral Assets Available on Flexible Loan & VIP Loan (2023-07-12).