Binance launches Stablecoin with PAXOS Standard

Binances has launched their own stablecoin in conjunction with PAXOS Standard. The coin has gained the blessings of NY regulators(not an easy feat) and should launch on Binance USA whenever it comes out. This should unlock more financial services with Binance and help the exchange expand in the future. It is unsure if this coin with substitute for BNB token on the US version of Binance since BNB token may be looked at as a security.

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