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USDT Adoption Expands: Binance Pay Brings Stablecoin Payments to French Riviera Merchants

USDT Adoption Expands: Binance Pay Brings Stablecoin Payments to French Riviera Merchants

Author:
USDT News
Published:
2025-07-04 13:35:43
14
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[TRADE_PLUGIN]BTCUSDT,BTCUSDT[/TRADE_PLUGIN]

Binance Pay has partnered with French payment app Lyzi to enable stablecoin transactions at over 80 merchants across southern France, including high-end boutiques in Nice and beachfront shops in Cannes. This development allows users to pay with USDT or FDUSD via QR codes, eliminating the need for euro conversion and showcasing the growing utility of cryptocurrencies beyond trading. The integration of stablecoins into mainstream spending categories like dining, retail, and entertainment highlights the increasing adoption of digital assets in everyday transactions. France's progressive stance on cryptocurrency continues to foster innovation, positioning the country as a leader in the European crypto market. This move not only enhances convenience for crypto users but also demonstrates the potential for stablecoins to revolutionize traditional payment systems. As of July 2025, this partnership marks a significant milestone in the mainstream acceptance of USDT and other stablecoins, further solidifying their role in the future of finance.

Binance Pay Expands Stablecoin Payments to French Riviera Merchants

Binance Pay has partnered with French payment app Lyzi to enable stablecoin transactions at over 80 merchants across southern France, from Nice boutiques to Cannes beachfront shops. Users can now pay with USDT or FDUSD via QR codes, bypassing euro conversion.

The MOVE demonstrates crypto's utility beyond trading as stablecoins enter mainstream spending categories like dining, retail, and entertainment. France's crypto-friendly regulations and fintech infrastructure accelerated the rollout ahead of peak tourist season.

Binance's payment system settles transactions in seconds directly from users' crypto balances, emphasizing speed and simplicity. This expansion aligns with broader industry efforts to transition digital assets from speculative instruments to practical payment solutions.

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The exchange launched a $100 million Guardian Fund to cover losses from protocol-level breaches, aligning with industry-wide efforts to bolster user protections after high-profile hacks. Enhanced risk monitoring systems identified and restricted 46,311 suspicious accounts, uncovering 6,184 fraud rings across the CIS, India, and Southeast Asia—regions experiencing surges in wallet fraud and account takeovers.

MEXC continues publishing real-time Proof of Reserves data, disclosing holdings of 4,083 BTC, 69,234 ETH, and 2.32 billion USDT as of June 26—all exceeding customer deposits. These transparency measures coincide with tightening global regulations, including the EU's MiCA implementation and Asian regulators' push for verified solvency standards.

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