{"id":23046,"date":"2023-08-23T08:37:32","date_gmt":"2023-08-23T08:37:32","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/binance-us-revives-us-dollar-on-ramp-after-moonpay-partnership\/"},"modified":"2023-08-23T08:37:32","modified_gmt":"2023-08-23T08:37:32","slug":"binance-us-revives-us-dollar-on-ramp-after-moonpay-partnership","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/binance-us-revives-us-dollar-on-ramp-after-moonpay-partnership\/","title":{"rendered":"Binance US revives US dollar on-ramp after MoonPay partnership"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1692778537319-04da5711-c9ab-44e5-9c9a-62d67e5a2020-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1692778537319-04da5711-c9ab-44e5-9c9a-62d67e5a2020-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1692778537319-04da5711-c9ab-44e5-9c9a-62d67e5a2020-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1692778537319-04da5711-c9ab-44e5-9c9a-62d67e5a2020-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Binance.US lost its banking partners after the SEC filed a lawsuit against Binance and its affiliates.<\/li>\n<li>It had announced it was switching to a crypto-only exchange after failing to get a banking partner.<\/li>\n<li>The MoonPay partnership enables Binance US to resume USD deposits and withdrawals.<\/li>\n<\/ul>\n<p>Binance.US has launched a new partnership with cryptocurrency payments company MoonPay to enable customers to purchase the US dollar-pegged stablecoin <a href=\"https:\/\/coinjournal.net\/tether\/what-is-tether\/\">Tether (USDT)<\/a>. This comes two months after the crypto exchange switched to a cryptocurrency-only platform after failing to get any banking partner.<\/p>\n<p>Binance.US experienced a breakdown with its banking partners, which resulted in the exchange\u2019s fiat deposits being suspended as of June 9. The Securities and Exchange Commission, which had sued the exchange and its affiliates four days earlier, was blamed at the time for the disruption, using \u201caggressive and intimidating\u201d tactics.<\/p>\n<h2>Customers can now use USD dollars on Binance US<\/h2>\n<p>The cryptocurrency exchange has announced that USDT would serve as the new \u201cbase asset\u201d for all transactions, and its collaboration with MoonPay gives customers a way to transact in US dollars (USD).<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Today, we&#8217;re excited to introduce a new <a href=\"https:\/\/twitter.com\/search?q=%24USD&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$USD<\/a> on-ramp!<\/p>\n<p>\u2714\ufe0f Buy <a href=\"https:\/\/twitter.com\/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$USDT<\/a> on <a href=\"https:\/\/t.co\/AZwoBOgsqS\">https:\/\/t.co\/AZwoBOgsqS<\/a> through payment partners like <a href=\"https:\/\/twitter.com\/moonpay?ref_src=twsrc%5Etfw\">@moonpay<\/a>, which supports debit &amp; credit card, Apple Pay, and Google Pay.<\/p>\n<p>\u2714\ufe0f Sell USDT for USD to withdraw via bank transfer.<\/p>\n<p>Learn more &amp; get started \u2935\ufe0f<\/p>\n<p>\u2014 Binance.US \ud83c\uddfa\ud83c\uddf8 (@BinanceUS) <a href=\"https:\/\/twitter.com\/BinanceUS\/status\/1694040010482135262?ref_src=twsrc%5Etfw\">August 22, 2023<\/a><\/p>\n<\/blockquote>\n<p>According to the exchange\u2019s announcement, US clients wishing to fund their accounts can now convert US dollars for USDT, which can then be used to buy other cryptocurrencies on the site.<\/p>\n<p>The agreement provides customers with an on-ramp that permits purchases by debit and credit cards as well as Apple and Google Pay in addition to direct bank deposits, which are still disabled on Binance.US.<\/p>\n<p>The exchange had a number of problems with withdrawals in US dollars on June 23, but it was able to temporarily restore operation although it at the time forewarned that the service would soon be withdrawn.<\/p>\n<p>Before the <a href=\"https:\/\/coinjournal.net\/news\/sec-sues-binance-and-cz-for-breaking-us-securities-rules\/\">SEC filed a complaint against Binance.US and its affiliates<\/a>, the exchange allowed its customers to buy and sell cryptocurrencies through direct USD deposits and withdrawals.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/binance-us-revives-us-dollar-on-ramp-after-moonpay-partnership\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Binance.US lost its banking partners after the SEC filed a lawsuit against Binance and its affiliates. It had announced it was switching to a crypto-only exchange after failing to get a banking partner. The MoonPay partnership enables Binance US to resume USD deposits [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":23047,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23046"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23046"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23046\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23047"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}