Binance Pays for Japan's PayPay Merchants

Binance Pay has launched its service in Japan, allowing eligible overseas visitors to spend USDT at millions of merchants supporting the country's PayPay payment network.

The service uses HIVEX, an interoperability framework connecting overseas QR payment services with PayPay merchants. This means customers can pay in USDT through Binance Pay while merchants continue to receive settlement in Japanese Yen, without having to handle or hold cryptocurrency.

This move effectively puts USDT behind an existing local payment rail, targeting international visitors who already hold crypto and preserving the Yen-based payment system used by Japanese businesses.