Binance Pay Integrates With PayPay to Enable USDT Spending in Japan

Binance Pay has launched a new integration with the HIVEX network, allowing overseas users to spend USDT at millions of merchant locations across Japan that accept PayPay. The system enables users to pay with stablecoins while merchants receive Japanese yen.

The integration functions as a translation layer between Binance Pay and the local PayPay infrastructure. When a user scans a QR code at a participating store, HIVEX handles the conversion from digital assets to yen. This process supports both customer-presented and merchant-presented QR code formats, meaning merchants do not need to make technical changes to their existing systems.

Regulatory responsibilities are divided between the involved parties. Binance Pay manages user-side obligations, including KYC verification and sanctions screening, while HIVEX and its local partners oversee merchant-side compliance with Japanese law.

This initiative builds on Binance’s existing presence in Japan, where the exchange has offered fiat deposit and withdrawal services since 2025. The rollout, which began in Q3 2026, is currently available to 48 million eligible Binance Pay users.

HIVEX has been facilitating foreign QR wallet payments at PayPay merchants since 2023. By adding Binance Pay, the network extends its infrastructure to crypto-native users, potentially increasing the number of people able to spend USDT in Japanese shops as eligibility expands beyond the current user base.