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.

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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