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 <p class="p3"><span class="s1">Binance.US has partnered with MoonPay to regain access to dollar transactions.&nbsp;</span></p> 
 <p class="p3"><span class="s1">The move is a response to the regulatory and financial challenges faced by the cryptocurrency exchange, which has been unable to offer dollar transactions after it was cut off by banking partners in the US.</span></p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">Today, we're excited to introduce a new $USD on-ramp!</p> 
  <p>✔️ Buy $USDT on https://t.co/AZwoBOgsqS through payment partners like @moonpay, which supports debit &amp; credit card, Apple Pay, and Google Pay.</p> 
  <p>✔️ Sell USDT for USD to withdraw via bank transfer.</p> 
  <p>Learn more &amp; get started ⤵️</p> 
  <p>— Binance.US 🇺🇸 (@BinanceUS) August 22, 2023</p> 
 </blockquote> 
 <p></p> 
 <p class="p3"><span class="s1">On August 22, the American branch of the world’s largest cryptocurrency exchange<span class="s2">&nbsp;announced </span>its transition to a crypto-only model, replacing dollar transactions with USDT, a stablecoin pegged to the U.S. dollar, as the new base asset for transactions.&nbsp;</span></p> 
 <p><span style="background-color: var(--bs-body-bg);color: var(--bs-body-color);font-family: var(--bs-body-font-family);font-size: var(--bs-body-font-size);font-weight: var(--bs-body-font-weight);text-align: var(--bs-body-text-align)">Now it’s partnered with third-party payment provider MoonPay to offer new dollar on-ramps that support USDT purchases with debit card, credit card, Apple Pay, and Google Pay.&nbsp;</span><span style="color: var(--bs-body-color);font-family: var(--bs-body-font-family);font-size: var(--bs-body-font-size);font-weight: var(--bs-body-font-weight);text-align: var(--bs-body-text-align);background-color: var(--bs-body-bg)">MoonPay’s integration eliminates the involvement of third-party banks and intermediaries.</span></p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">4️⃣ #BinanceUS suspends all USD deposits following SEC lawsuit. Withdrawals are ACTIVE. <br>No Matter What Will Happen, #binance&nbsp;Will Be Survivor of This Disgusting War. Full Support to @cz_binance 🦾</p> 
  <p> #SEC #USDT #CRYPTO https://t.co/Gc9VjquCsE</p> 
  <p>— Alpha Whale Crypto (@AlphaWhale_) June 9, 2023</p> 
 </blockquote> 
 <p></p> 
 <p class="p3"><span class="s1">Several cryptocurrency exchanges and service providers encountered the loss of their banking partners in March, amidst a broader banking turmoil that witnessed multiple crypto-supportive banks such as Silicon Valley Investment Bank, Silvergate, and Signature Bank facing collapses within a short timeframe.</span></p> 
 <p class="p4"><span class="s1">By partnering with MoonPay, Binance.US aims to mitigate such challenges and restore seamless access to fiat-to-crypto transactions. The company stated:</span></p> 
 <blockquote> 
  <p class="p5"><span class="s1">Our partnership with MoonPay brings reliable USD payment solutions to Binance.US customers as part of our Buy &amp; Sell Crypto feature.</span></p> 
 </blockquote> 
 <h2 class="p5" id="span-class-s1-binance-us-revolution-to-token-resilience-br-span"><span class="s1">Binance.US’ Revolution to Token Resilience<br> </span></h2> 
 <p class="p3"><span class="s1">Before Binance.US and its associated entities became subject to a lawsuit from the Securities and Exchange Commission, the exchange facilitated the buying and selling of popular cryptocurrencies by enabling direct deposits and withdrawals using dollars.</span></p> 
 <p class="p3"><span class="s1">The partnership with MoonPay sparked a 2.4% increase in the value of Binance’s native token, BNB, in the last 24 hours. BNB had hit its lowest point in more than a year on August 22, plummeting to $204.</span></p> 
 <figure id="attachment_432385" aria-describedby="caption-attachment-432385" style="width: 100%" class="wp-caption alignnone"> 
  <img decoding="async" class=" wp-image-432385" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20850%20496'%3E%3C/svg%3E" alt="BNB Price" width="850" height="496" data-lazy-srcset="https://cdn.thebittimes.com/images/2023/08/23/d80ab8f8ea22f43a20f65903cb04f49b.webp 300w, https://cdn.thebittimes.com/images/2023/08/23/d80ab8f8ea22f43a20f65903cb04f49b.webp 240w, https://cdn.thebittimes.com/images/2023/08/23/d80ab8f8ea22f43a20f65903cb04f49b.webp 744w" data-lazy-sizes="(max-width: 850px) 100vw, 850px" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/23/d80ab8f8ea22f43a20f65903cb04f49b.webp"> 
  <noscript> 
   <img decoding="async" class=" wp-image-432385" src="https://cdn.thebittimes.com/images/2023/08/23/d80ab8f8ea22f43a20f65903cb04f49b.webp" alt="BNB Price" width="850" height="496" srcset="https://cdn.thebittimes.com/images/2023/08/23/d80ab8f8ea22f43a20f65903cb04f49b.webp 300w, https://cdn.thebittimes.com/images/2023/08/23/d80ab8f8ea22f43a20f65903cb04f49b.webp 240w, https://cdn.thebittimes.com/images/2023/08/23/d80ab8f8ea22f43a20f65903cb04f49b.webp 744w" sizes="(max-width: 850px) 100vw, 850px"> 
  </noscript> 
  <figcaption id="caption-attachment-432385" class="wp-caption-text">
    Source: CoinMarketCap 
  </figcaption> 
 </figure> 
 <h2 id="moonpay-s-rapid-rise">MoonPay’s Rapid Rise</h2> 
 <p class="p3"><span class="s1">MoonPay is a payment startup that gained widespread recognition through a sequence of notable brand collaborations centered on nonfungible tokens. It operates as a money service business registered in the United States, serving across over 160 countries. </span></p> 
 <p class="p3"><span class="s1"><span class="s2">The company’s website </span>says it’s endorsed by over 300 prominent wallets, websites, and applications. With a user base of 5 million individuals, MoonPay extends its support to over 80 assets.</span></p> 
 <p class="p3"><span class="s1">In a remarkably short span of two and a half years, the payment startup successfully concluded its Series A funding round in late 2021, securing a substantial $555 million. This achievement has propelled the company’s valuation to $3.4 billion.</span></p> 
 <h3 class="p4" id="span-class-s1-b-related-articles-b-span"><span class="s1"><b>Related Articles&nbsp;</b></span></h3> 
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Binance.US Partners With MoonPay To Regain Access To Dollar Transactions

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