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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Notice on the Withdrawals of Delisted Tokens & Conversion of Selected Tokens to USDC (2024-08-12)
https://www.binance.com/en/support/announcement/9ec5cabbc8974a1c8890e1c9d87a98a7

Notice on the Withdrawals of Delisted Tokens & Conversion of Selected Tokens to USDC (2024-08-12).