Binance Pay enables USDT spending at PayPay merchants in Japan

Binance Pay has partnered with TBCASoft’s HIVEX network to allow its users to spend USDT at millions of PayPay-supported merchant locations across Japan. Announced in early August 2026, the integration enables seamless payments where users pay with crypto while merchants receive Japanese yen. HIVEX serves as the conversion layer, and the system supports existing PayPay QR code infrastructure without requiring technical changes from merchants. Binance handles user-side KYC and compliance, while HIVEX manages merchant-side regulatory requirements. The rollout is scheduled for Q3 2026, initially targeting Binance Pay’s eligible user base.