#WYSTStablecoin BNB, or Binance Coin, is a cryptocurrency that powers the BNB Chain ecosystem, including the Binance Smart Chain (BSC), used for payments, staking, DeFi, and NFTs. It's also used for discounted trading fees on the Binance exchange and other purposes within the Binance ecosystem. 

Here's a more detailed breakdown:

What it is:

Native Token:

BNB is the native token of the BNB Chain ecosystem. 

Utility Token:

It's a utility token used for various purposes within the Binance ecosystem and beyond. 

Originally ERC-20:

BNB was initially an ERC-20 token on the Ethereum blockchain but has since migrated to the BNB Chain.