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 the Binance Sub-Account Feature
https://support.binance.com/hc/en-us/articles/360021765372

Updates to the Binance Sub-Account Feature.