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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Updates to Binance Futures Cross Collateral (2021-02-09)
https://www.binance.com/en/support/announcement/9409f88ab7504d5dbc1840f857ea8451

Updates to Binance Futures Cross Collateral (2021-02-09).