It was approved by the New York State Department of Financial Services (NYDFS).
The Department has not authorized Binance-Peg BUSD on any blockchain, and Binance-Peg BUSD is not issued by Paxos.
As far as I know Binance ended the Binance-pegged BUSD (the BNB chain version bridged from ethereum) without any problem or holder loss?
It was approved by the New York State Department of Financial Services (NYDFS).