Binance Launches Fee-Free USD Transfers via BPay Global
Binance has launched fee-free USD transfers through its regulated subsidiary BPay Global, licensed by the Central Bank of Bahrain. Available in over 70 countries, the fiat gateway supports no-fee SWIFT transfers, Apple Pay, Google Pay and credit/debit cards. Users store funds in a compliant e-wallet and can instantly convert USD to crypto on Binance, cutting costs and friction in crypto trading. The USD transfers service also integrates Plume Network for gas-free payments of tokenised real-world assets. This expansion follows Binance.US fee adjustments and a partnership with Japan’s PayPay, reinforcing Binance’s bridge between traditional finance and digital assets.
Neutral
While fee-free USD transfers via BPay Global may boost Binance’s trading volumes and adoption, the direct price of BUSD is unlikely to shift as it’s a stablecoin pegged to the US dollar. In the short term, reduced friction and costs could increase deposit inflows and trading activity on Binance. Over the long term, improved fiat gateways and gas-free payments for tokenised assets may strengthen market infrastructure and user engagement. However, since BUSD maintains a stable peg, the overall price impact on the stablecoin remains neutral.