What is Binance USD?
The famous Binance exchange and the Paxos Trust Company have collaborated and launched the new stablecoin — BUSD supported by the US dollar. It’s very important that the new Binance USD (BUSD) coin received support from the New York Department of Financial Services (NYDFS)
One of the key features of blockchain technology is the ability to use it for secure issue of digital tokens tied to real-world assets.
The “real financial world” hasn’t yet integrated well with the cryptocurrency economy. Therefore, support for the BUSD digital currency by such an important regulatory is significant progress.