Binance taps Vietnam’s QR rails to bring stablecoin payments into offline retail

A reposted article highlighted how Binance Pay is being used across offline merchants in Ho Chi Minh City, with the author saying many stores in Vietnam can accept Binance-based QR payments in a way that feels similar to mainstream mobile payments. According to the piece, users can pay with stablecoins such as USDT, USDC and USD1, or choose other tokens including BTC, BNB and Pepe, while merchants receive Vietnamese dong directly. The article says Binance Pay connected to two major local payment channels, VietQR and Momo, giving it compatibility with a large share of merchant QR codes in Vietnam. VietQR is described as the country’s unified QR payment standard operated by NAPAS, while Momo is presented as one of Vietnam’s largest e-wallets, run by M_Service JSC and serving more than 30 million users. The author argues that this model lowers the learning burden for both users and merchants because neither side needs to handle stablecoin conversion or blockchain mechanics directly. The piece also mentions a separate use case in which Binance Pay was used to transfer 10,000 Vietnamese dong to a local bank card via QR code, and lists in-country payment limits of $50k per month, $5k per day, a $5k cap per transaction and a $0.39 minimum.