The American arm of Binance is searching for a payments provider as its traditional banking partners have withdrawn their support. Binance.US has replaced USD with USDT as its new base asset and has partnered with MoonPay to offer reliable USD payment solutions. Users can now fund their Binance.US mobile wallets with USDT and purchase the stablecoin on MoonPay with USD. However, MoonPay does have basic KYC requirements. The new feature on Binance.US, “Enhanced Buy & Sell Crypto,” still supports over 150 cryptocurrencies and allows users to cash them out to USD via MoonPay. Binance’s native token, BNB, saw a 5% gain after the news.
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