Binance, the leading global cryptocurrency exchange, has announced a strategic partnership with Paxos, a leading provider of blockchain-based financial infrastructure, to integrate BUSD on the New York Digital Investment Framework （NYDFS） platform.
This collaboration marks a significant milestone in the integration of stablecoins into the traditional financial system, leveraging Paxos\“ expertise in regulatory compliance and Binance\“s vast user base.
Incorporating BUSD, a stablecoin backed by the U.S. dollar, into the NYDFS platform will enhance liquidity and facilitate cross-border transactions, appealing to both retail and institutional investors.
The partnership aims to promote financial innovation while ensuring the highest standards of security and compliance with local regulations. |
