According to Richard Teng on Twitter, Binance Pay has announced its first partnership allowing travelers to use cryptocurrency for all travel-related expenses, marking a significant step in crypto payment adoption. This move is expected to increase real-world utility for cryptocurrencies and may enhance trading volumes for supported coins, especially as travel-related transactions grow globally. For traders, this partnership signals potential upward momentum for Binance ecosystem tokens and wider crypto adoption in mainstream payment sectors. Source: Richard Teng Twitter, May 7, 2025.

According to Binance's official Twitter, Binance has announced a partnership with the Kyrgyzstan National Investment Agency to expand the country's digital asset ecosystem. The collaboration aims to enable crypto payments using Binance Pay and promote blockchain education through Binance Academy, as stated in their blog post (source: Binance Twitter, June 2024; binance.com/en/blog/adoption). Traders should monitor potential increases in crypto transaction volumes and adoption rates in Central Asia, as this partnership could drive higher usage of Binance Pay and related digital assets in the region.

According to AltcoinGordon, Circle's stablecoin USDC is now the default currency for all new Binance Pay users. This development is likely to increase USDC's transaction volume and integration within the Binance ecosystem, potentially impacting its liquidity and trading dynamics.

According to @_RichardTeng, Binance Pay experienced substantial growth in 2024 with its user base expanding to 41.7 million, a threefold increase year-over-year. The platform's transaction volume skyrocketed to $72.4 billion, up from $2.5 billion in 2021. USDT accounted for 80% of the total transaction volume, representing $57 billion. Notably, USDC transactions increased by 1338%, marking it as the fastest-growing asset on the platform. Additionally, SOL payments reached $724 million, reflecting a 656% year-over-year growth.