Binance USD (USD) is a stable coin issued by the regulated Paxos platform with the support of the Binance cryptocurrency exchange. It is pegged to the US dollar and backed by real currency in bank accounts, which is confirmed by monthly checks. Binance USD is one of the few digital currencies approved by the NYDFS (New York State Financial Services Authority).

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Binance Futures Will Launch USDT-Margined BAKE Perpetual Contracts with Up to 25X Leverage
https://www.binance.com/en/support/announcement/a24db130a3bd48328bfbe7ad6e5e1a35

Binance Futures Will Launch USDT-Margined BAKE Perpetual Contracts with Up to 25X Leverage.

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