dollars and the Euro and hypothetically keeps a value equal to one of those denominations. Unlike some other forms of cryptocurrency, Tether (USDT) is a stablecoin, meaning it’s backed by fiat currencies like U.S. From April 2016 to the end of September 2023, its price went from about $11 to around $1,598, increasing 14,431%. Ethereum (ETH)īoth a cryptocurrency and a blockchain platform, Ethereum is a favorite of program developers because of its potential applications, like so-called smart contracts that automatically execute when conditions are met and non-fungible tokens ( NFTs).Įthereum has also experienced tremendous growth. 12, 2023, a single Bitcoin’s price was around $26,077. In May 2016, you could buy one Bitcoin for about $500. Because additions to the distributed ledgers must be verified by solving a cryptographic puzzle, a process called proof of work, Bitcoin is kept secure and safe from fraudsters.īitcoin’s price has skyrocketed as it’s become a household name. As with most cryptocurrencies, BTC runs on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers.
By embracing USDT as the base asset and providing alternative funding avenues, Binance.US aims to enhance user engagement and ensure a seamless experience for its customers.Created in 2009 by Satoshi Nakamoto, Bitcoin (BTC) is the original cryptocurrency. Looking Towards the FutureĪs Binance.US charts its course forward, the partnership with MoonPay signifies a strategic maneuver to adapt to evolving market dynamics and regulatory challenges. This diverse range of payment methods ensures accessibility and ease of use for users seeking to engage with cryptocurrencies.
Alongside traditional debit and credit card transactions, users can also leverage digital payment platforms such as Apple Pay and Google Pay.
The Binance.US and MoonPay partnership brings forth an array of payment options for users. This offers users the flexibility to fund their accounts conveniently, even without direct bank transfers. The collaboration with MoonPay enables users to exchange their dollars for USDT, which can subsequently be utilized to purchase a wide array of cryptocurrencies on the platform. Enabling Convenient Funding Optionsĭespite the temporary halt in direct bank deposits, Binance.US users can now explore an alternative funding route. Securities and Exchange Commission (SEC) as a contributing factor. The exchange attributed this disruption to the regulatory environment, citing aggressive actions from the U.S. These challenges led to a suspension of fiat deposits on the exchange from June 9 onwards. The decision to partner with MoonPay comes in the aftermath of Binance.US encountering disruptions with its banking partners. Furthermore, the partnership with MoonPay facilitates a seamless path for users to transact in USD, thereby enhancing user experience and convenience. This strategic move positions USDT as a key digital asset for users to engage in various activities on the exchange. Embracing USDT as the New Base Assetīinance.US has announced ( 1) a notable shift in its operational approach by adopting USDT as the new "base asset" for all transactions. dollar-pegged stablecoin Tether (USDT) through their platform. This collaboration aims to offer users the ability to purchase the U.S. The exchange has entered into a partnership with MoonPay, a significant player in the crypto payments sector. Learn more & get started ⤵️- Binance.US 🇺🇸 AugReviving USD On-Ramp ServicesĪfter encountering setbacks with its banking ties, Binance.US has sought to revive its United States dollar on-ramp services. ✔️ Sell USDT for USD to withdraw via bank transfer. ✔️ Buy $USDT on through payment partners like which supports debit & credit card, Apple Pay, and Google Pay. Today, we're excited to introduce a new $USD on-ramp! This partnership emerged as a pivotal move for Binance.US, which recently transitioned into a crypto-only platform due to banking-related challenges. Binance.US, the cryptocurrency exchange, has taken a strategic step to regain its United States dollar on-ramp services by collaborating with MoonPay, a prominent crypto payments company.
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