{"id":21458,"date":"2023-08-23T05:13:04","date_gmt":"2023-08-23T05:13:04","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/binance-us-taps-moonpay-as-banking-alternative-to-regain-usd-ramps\/"},"modified":"2023-08-23T05:13:06","modified_gmt":"2023-08-23T05:13:06","slug":"binance-us-taps-moonpay-as-banking-alternative-to-regain-usd-ramps","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/binance-us-taps-moonpay-as-banking-alternative-to-regain-usd-ramps\/","title":{"rendered":"Binance.US taps MoonPay as banking alternative to regain USD ramps"},"content":{"rendered":"
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Two months after becoming a crypto-only platform, Binance.US has announced a new partnership with crypto payments firm MoonPay to allow users to buy the U.S. dollar-pegged stablecoin Tether (USDT) to use on its platform.\u00a0<\/p>\n
The crypto exchange announced\u00a0on Aug. 22 that USDT was being adopted as the new \u201cbase asset\u201d for all transactions, and its partnership with\u00a0MoonPay allows a path for users to transact in USD.<\/p>\n
The new partnership comes in the wake of Binance.US suffering a breakdown with its banking partners, which saw fiat deposits on the exchange halted as of June 9. <\/p>\n
At the time, it cited \u201caggressive and intimidating\u201d tactics from the Securities and Exchange Commission\u00a0\u2014 which sued the exchange and its affiliates four days prior \u2014 as the reason for the disruption.<\/p>\n
\nToday, we’re excited to introduce a new $USD<\/a> on-ramp!<\/p>\n
\u2714\ufe0f Buy $USDT<\/a> on https:\/\/t.co\/AZwoBOgsqS through payment partners like @moonpay<\/a>, which supports debit & credit card, Apple Pay, and Google Pay.<\/p>\n
\u2714\ufe0f Sell USDT for USD to withdraw via bank transfer.<\/p>\n
Learn more & get started \u2935\ufe0f<\/p>\n