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Stablecoins Hit the Riviera: Binance Pay Now Live at Dozens of French Merchants

  • Binance Pay and payments app Lyzi have partnered to enable crypto transactions at over 80 merchants on the French Riviera, allowing users to pay in stablecoins like USDT or FDUSD.
  • The move is part of Binance's effort to show that crypto can be used for everyday spending, with users able to purchase items in categories like food, fashion, and wellness using stablecoins.
  • France's clear crypto regulations and supportive fintech environment have made it an ideal location for this initiative, with plans to potentially expand stablecoin payments to other European regions if successful.
  • Stablecoins offer price predictability, making them suitable for merchants as they don't need to worry about crypto volatility when accepting payments, which could pave the way for wider adoption of crypto payments in the future.

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