NYDFS Have Approved Binance’s Stablecoin

Binance has recently shared that the NYDFS has officially approved its Binance stablecoin, BUSD that is a stablecoin backed by the US Dollar. The approval from the NYDF’s may enable the users to purchase and starts the trading of BUSD from the Binance exchange itself, and Binance shared that it is possible to convert the BUSD stablecoins into other stablecoins such as PAX and many more. 



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