Binance.US, a cryptocurrency exchange, has announced a new partnership with MoonPay, a cryptocurrency payments company, to enable customers to purchase the US dollar-pegged stablecoin Tether (USDT). This comes two months after the exchange switched to a cryptocurrency-only platform after failing to get any banking partner.The breakdown with its banking partners resulted in the exchange’s fiat deposits being suspended as of June 9. The Securities and Exchange Commission had sued the exchange and its affiliates four days earlier, which was blamed for the disruption.The new partnership with MoonPay gives customers a way to transact in US dollars (USD). Customers can now convert US dollars for USDT, which can then be used to buy other cryptocurrencies on the site. The agreement provides customers with an on-ramp that permits purchases by debit and credit cards as well as Apple and Google Pay.Before the SEC filed a complaint against Binance.US and its affiliates, the exchange allowed its customers to buy and sell cryptocurrencies through direct USD deposits and withdrawals.
| Information |
Details |
| Geography |
North America |
| Countries |
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| Sentiment |
neutral |
| Relevance Score |
10 |
| People |
None |
| Currencies |
USDT, USD, Bitcoin, Ethereum, Tether |
| Securities |
None |
