Binance, Exchanges

What Is Binance USD and USDS?

Binance USD (USDB) is a stablecoin developed by Binance and Paxos. USDB is an ERC20 token pegged to the U.S.

dollar on a 1:1 ratio. Binance USD can be traded on Binance against other cryptocurrencies. .

Paxos is a trust company that offers crypto asset custody, exchange, and payment services. The New York State Department of Financial Services (DFS) regulates Paxos.

NOTE: Binance USD (BUSD) and USDS are both stablecoins, digital assets pegged to the U.S. dollar. While BUSD is issued by Binance and USDS is issued by the Paxos Trust Company, they are both managed and traded similarly on Binance.

It is important to note that when trading with BUSD or USDS, users must be aware of the risks involved in trading digital assets. Both of these stablecoins are subject to market volatility, as well as other risks associated with digital asset trading. As such, it is important to understand the risks before investing in either of these assets. Users should also ensure that they have sufficient funds to cover any potential losses incurred while trading these assets.

PAX Gold (PAXG) is an asset-backed token that allows holders to redeem physical gold.

USDS is a stablecoin developed by Circle and Coinbase. USDS is an ERC20 token pegged to the U. USDS can be traded on Coinbase against other cryptocurrencies.

Circle is a financial services company that offers peer-to-peer payments, foreign exchange, and cryptocurrency trading through its OTC trading desk and exchanges Poloniex and Circle Trade. The company was founded in 2013 by Jeremy Allaire and Sean Neville.

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