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 Regarding the Delisting of COVER-Old and Upcoming Distribution of COVER-New
https://www.binance.com/en/support/announcement/0a17fc70baad496aa2bbc47661aa6727

Notice Regarding the Delisting of COVER-Old and Upcoming Distribution of COVER-New.