Binance has urged all Paysafe users to convert their Euros into USDT as it suspends spot trading for the fiat currency.

Simply select your deposit method, follow the provided instructions to complete the transaction, and wait for the funds to appear in your Binance account. How to Buy USDT on Binance App 3.

Crypto exchange Binance has recommended its European users to convert their Euro (EUR) balances into Tether (USDT) before October 31, following the loss of support from its banking partner, Paysafe.

After announcing it would be ceasing trading support for USDC and two other stablecoins, crypto exchange Binance confirmed there are no plans to do the same for USDT.

It has also discontinued Spot Trading Bots services on EUR/USDT and EUR/BUSD trading pairs. Binance Convert having similar operations to token swap will also be restricted for EUR transactions.

The Axie Infinity Binance Launchpad lottery token, following its $200 sale in October 2020 is now worth over $250000.

Binance USD is currently ranked as the third largest stablecoin with a market cap of $19.47 billion at the time of writing, while USDC and USDT hold $51.8 and $67.6 billion, respectively.