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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Our latest State of Crypto Report summarises all the key insights, events, and learnings from Q2.

Find everything you need to know about developments in the space, including analysis of:

🔸 Layer 1s
🔸 DeFi
🔸 NFTs
🔸 Gaming

Start reading here ⤵️
https://research.binance.com/en/analysis/2q23-market-pulse