Binance Joins Forces With Paxos to Launch USD-Backed Stablecoin ‘BUSD’

Binance Joins Forces With Paxos to Launch USD-Backed Stablecoin ‘BUSD’

Crypto exchange Binance and blockchain trust company Paxos join forces to launch USD-backed stablecoin, approved by the NYDFS. Binance, the biggest crypto exchange by volume, and digital asset trust company Paxos announced its partnership to launch a USD-backed stablecoin, which has received approval from the New York State Department of Financial Services (NYDFS)Binance USD available later this monthIn a press release shared with Cointelegraph on Sept. 5, Paxos co-founder and CEO Asia Rich Teo…

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