Two months after becoming a crypto-only platform, Binance.US has announced a new partnership with crypto payments firm MoonPay to allow users to buy the U.S. Dollar-pegged stablecoin Tether (USDT) to useon its platform.
In an Aug. 22 statement, the crypto exchange announced that USDT was being adopted as the new “base asset” for all transactions and its partnership with MoonPay allows a path for users to transact in USD.
The new partnership comes in the wake of Binance.US suffering a breakdown with its banking partners which saw fiat deposits on the exchange halted as of June 9.
Binance.US customers looking to fund their accounts can now exchange dollars for USDT which can in turn be used to purchase other cryptocurrencies on the platform, according to the statement.
While direct bank deposits remain disabled on Binance.US, the partnership offers users an on-ramp that supports purchases through debit and credit cards along with Apple and Google Pay.
On June 23, the exchange experienced a series of issues with USD-denominated withdrawals but managed to temporarily recover the functionality. At the time, it warned that the service would be discontinued in the near future.
Prior to Binance.US and its affiliates being hit by a lawsuit from the SEC, the exchange supported the purchase and sale of popular cryptocurrencies through direct USD deposits and withdrawals.
When TV cameras are let in to film world leaders meeting in person, the resulting footage is usually incredibly boring for journalists and incredibly safe for politicians.
Put through a total of almost 90 minutes of televised questioning alongside the American leader, it was his diciest encounter with the president yet.
But he still just about emerged intact.
For a start, he can claim substantive policy wins after Trump announced extra pressure on Vladimir Putin to negotiate a ceasefire and dialled up the concern over the devastating scenes coming from Gaza.
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There were awkward moments aplenty though.
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Image: The two leaders held talks in front of the media. Pic: Reuters
On green energy, immigration, taxation and online regulation, the differences were clear to see.
Sir Keir just about managed to paper over the cracks by chuckling at times, choosing his interventions carefully and always attempting to sound eminently reasonable.
At times, it had the energy of a man being forced to grin and bear inappropriate comments from his in-laws at an important family dinner.
But hey, it stopped a full Trump implosion – so I suppose that’s a win.
My main takeaway from this Scotland visit though is not so much the political gulf present between the two men, but the gulf in power.
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Trump gives Putin new deadline to end war
Sir Keir flew the length of the country he leads to be the guest at the visiting president’s resort.
He was then forced to sit through more than an hour of uncontrolled, freewheeling questioning from a man most of his party and voters despise, during which he was offered unsolicited advice on how to beat Nigel Farage and criticised (albeit indirectly) on key planks of his government’s policy platform.
In return he got warm words about him (and his wife) and relatively incremental announcements on two foreign policy priorities.
So why does he do it?
Because, to borrow a quote from a popular American political TV series: “Air Force One is a big plane and it makes a hell of a noise when it lands on your head.”
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