Binance Pay Brings USDT Payments to Japan's Vast PayPay Network

Binance Pay has expanded its reach in Japan by allowing eligible overseas visitors to use Tether USDt (USDT) at millions of locations that already accept PayPay.

The update, which started rolling out on Wednesday, is a result of Binance's connection to PayPay merchants through the interoperability layer HIVEX.

Binance claims to be the first crypto payments provider to connect to PayPay merchants via HIVEX. This integration enables users to spend USDT at these locations without requiring each merchant to opt-in separately for the new payment option.

The settlement for merchant payouts will continue in Japanese yen, reducing currency complexity for merchants.