Binance Pay Adopts USDC as Default Currency for Instant, Gas-Free Transactions

Sending Money Without The Fuss of Fees or Delays

Making payments or transferring funds to friends, family, or business partners no longer needs to involve high fees or long waiting times.

Binance Pay now allows users to send USDC, issued by Circle, instantly, removing the need for gas fees.

Whether it’s splitting a meal bill, paying a freelancer, or sending money abroad, this service makes digital payments feel as seamless as handing over cash.

USDC Payments Made Seamless Through Binance Pay

Binance Pay offers a reliable payment experience using USDC, a stablecoin that maintains its value by being pegged to the US dollar.

Its predictable value makes it a practical choice for everyday transactions, especially when compared to more volatile digital assets.

The simplicity of using Binance Pay is appealing not just to individuals, but also to businesses.

Companies can now receive payments in USDC without going through traditional financial institutions, saving time and transaction costs.

The result is a quicker, smoother flow of funds that works across borders and time zones.

Why Businesses Are Turning To Digital Dollars

Businesses using Binance Pay benefit from instant settlement and zero gas fees when accepting USDC payments.

This means fewer barriers to doing business online or across borders.

It removes the delays and charges often associated with card networks or wire transfers, offering an efficient solution for merchants and service providers alike.

Cross-Border Transfers Gain New Momentum in Africa

In regions where traditional banking infrastructure often slows down remittances, the use of USDC is opening new doors.

Link, a participant in the Circle Alliance Program, is helping bridge the gap between local fiat and digital currencies by integrating USDC across key African markets like Nigeria and Kenya.

By simplifying how people send and receive money, Link is helping to reduce the cost and time of cross-border payments.

Individuals and businesses in these regions can now access faster, more affordable financial services using a dollar-backed digital currency.

This shift is helping unlock wider access to financial tools and opportunities.

Stable and Trusted Digital Currency for Everyday Use

USDC’s appeal lies in its stability and transparency.

Issued by Circle, the stablecoin has become one of the most trusted digital currencies in the crypto space.

For users navigating international payments or local transactions, its steady value and ease of use make it an increasingly preferred option.

Binance Pay’s integration of USDC offers a clearer path forward for digital payments—whether it's for sending funds home, paying a vendor, or managing business income—without relying on costly intermediaries or waiting days for settlements.

Circle Files for IPO Amid Strong Growth and Regulatory Momentum

Recently, Circle has filed for an initial public offering (IPO) on the New York Stock Exchange under the ticker “CRCL,” targeting a valuation between $4–5 billion.

The company reported $1.68 billion in revenue for 2024, largely from interest on USDC reserves, though net income fell to $156 million due to high distribution costs, including $908 million paid to Coinbase.

Backed by major financial institutions and recently acquiring Hashnote to expand into yield-bearing digital assets, Circle is positioning itself for further growth amid an improving regulatory environment.

The move follows a failed SPAC merger in 2022 and the relocation of its headquarters to New York, signaling stronger alignment with traditional finance.

With the added tailwind of Circle's IPO plans, the seamless integration of USDC via Binance Pay appears poised to further mainstream the use of stable digital currencies for everyday transactions and cross-border commerce.