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 Securities and Exchange Commission had sued the exchange and its affiliates four days prior to the disruption, which resulted in the suspension of fiat deposits. The new partnership with MoonPay allows customers to convert US dollars for USDT, which can then be used to buy other cryptocurrencies on the site. Customers can purchase USDT through payment partners such as MoonPay, which supports debit and credit cards, Apple Pay, and Google Pay.The exchange had experienced a number of problems with withdrawals in US dollars on June 23, but it was able to temporarily restore operation. 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. With the new partnership, customers can now use US dollars on Binance US.
| Information |
Details |
| Geography |
North America |
| Countries |
|
| Sentiment |
neutral |
| Relevance Score |
10 |
| People |
None |
| Companies |
Binance.US, MoonPay, Securities and Exchange Commission, Tether (USDT), Apple Pay, Google Pay |
| Currencies |
USDT, USD, Bitcoin, Ethereum, None |
| Securities |
None |
