Binance.US Partners with MoonPay for USD Transactions 👍🏻
Binance.US, following the loss of banking ties, has teamed up with #MoonPay to reintroduce a U.S. dollar on-ramp. The exchange now offers users the ability to purchase the U.S. Dollar-pegged stablecoin Tether (USDT) through this partnership, enabling transactions and interactions in USD.
This strategic move comes after #Binance.US faced disruptions in fiat deposits due to legal issues. The new approach provides an alternative for customers to fund their accounts using USDT, facilitating the acquisition of other cryptocurrencies on the platform.
Although direct bank deposits remain unavailable, this collaboration allows purchases through debit/credit cards and digital wallets like #Apple Pay and Google Pay.
