Binance Pay Integrates Banking Circle's EURI Stablecoin, Enhancing Digital Payments

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. A New Era of Digital Currencies
  2. Enhanced Transaction Capabilities
  3. MiCA Compliance


    4. Binance Pay announced a strategic partnership with Banking Circle to integrate the EURI stablecoin into its platform, marking a significant step forward in digital payments.

    A New Era of Digital Currencies

    The integration of EURI, Banking Circle’s MiCAR-compliant e-money token, into Binance Pay's platform signifies a major milestone in the evolution of digital currencies. This will facilitate transactions and make digital currencies more useful in daily financial activities.

    Enhanced Transaction Capabilities

    Starting August 28, 2024, Binance Pay users will be able to transact in EURI, expanding the range of available digital currencies for everyday use. Jonathan Lim, Global Head of Binance Pay, highlighted the importance of this partnership in streamlining and improving the user transaction experience. Additionally, a zero-fee promotion on certain trading pairs has been launched, ensuring no fees until further notice.

    The partnership’s mission is to make digital currencies more accessible and widespread.Jonathan Lim

    MiCA Compliance

    On August 26, Banking Circle launched EURI, the first bank-backed MiCA-compliant stablecoin, intended to complement existing payment systems while adhering to stringent EU regulations. This enhances trust and confidence among EURI holders by adhering to consumer protection and transparency standards. EURI withdrawals will be available starting August 29, 2024, though users are advised to check the withdrawal page for real-time status updates.

    The integration of EURI into Binance Pay is a critical step toward greater acceptance of digital currencies.Daniel Lee, Head of Web 3 at Banking Circle

    The integration of EURI underscores Binance Pay and Banking Circle’s commitment to expanding the use of digital currencies and improving their acceptance in global financial transactions. This initiative is expected to drive innovation and support the global adoption of digital assets.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Plex Media Server Vulnerabilities Exploited for Cryptojacking

Attackers are exploiting vulnerabilities in Plex Media Server to install unauthorized cryptocurrency miners and a Linux proxy backdoor.

user avatarTomas Novak

Super League Shareholders Approve Metaplanets Bitcoin Treasury Proposal

Super League shareholders approved a proposal for Metaplanets to contribute 2,100 BTC and $25 million to a new US-listed Bitcoin treasury platform.

user avatarKaterina Papadopoulou

Sophon Sets Withdrawal Deadline Ahead of Mainnet Shutdown

Sophon has set a deadline for users to withdraw their assets by November 25 ahead of the shutdown of its standalone chain.

user avatarMaya Lundqvist

Large Hyperliquid Trader Rebuilds Ethereum Short After Significant Losses

A trader on Hyperliquid rebuilt a substantial Ethereum short position worth approximately $16 million after incurring losses of around $469,000.

user avatarLeo van der Veen

Tron Surpasses Ethereum and Solana in Blockchain Fee Revenue

Tron has generated approximately $234 million in chain revenue over the past 30 days, surpassing Ethereum and Solana.

user avatarLi Weicheng

New Reporting Requirements Proposed for Crypto Holders in France

A proposed amendment would require crypto holders to declare self-custodied assets worth over €100,000, with penalties for non-compliance.

user avatarTenzin Dorje

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.