Binance to Launch USD-backed Stablecoin, Gets Approval in New York

Cryptonews Major crypto exchange Binance said it partnered with Paxos Trust Company, a crypto custody company and issuer of stablecoins, in order to launch a new stablecoin, Binance USD (BUSD), later this month. "BUSD will be available on the Paxos platform for direct purchase and redemption 1:1 for U.S. dollars and available on Binance.com for trading initially September 05, 2019 at 07:45PM By Crypto News