Binance Pay Integrates USDT Payments with PayPay in Japan

Binance Pay has announced a new partnership with TBCASoft’s HIVEX network, enabling approximately 48 million users to spend USDT at PayPay-supported merchants across Japan. This integration allows users to make payments in stablecoins while merchants receive Japanese yen, simplifying the transaction process without the need for cashiers to understand blockchain technology.

The HIVEX network serves as a translation layer between Binance Pay and PayPay’s local payment infrastructure. When users scan a QR code at participating merchants, HIVEX converts digital assets into yen before the payment is processed. This system supports various QR code formats, ensuring compatibility with all PayPay transaction methods.

Merchants do not need to make any technical adjustments or sign up for new services; if they already accept PayPay, they can accept USDT payments seamlessly. Compliance responsibilities are shared, with Binance Pay managing user-side obligations and HIVEX overseeing merchant-side regulatory requirements.

Binance has been establishing its presence in Japan since 2025, providing fiat deposit and withdrawal services through local channels. This new initiative builds on that foundation, with the initial rollout planned for Q3 2026. The potential for expanding eligibility could significantly increase the number of users able to utilize USDT in Japanese retail.