Crixto and Binance Pay: 5 keys about their agreement for payments with USDT in Venezuela

CriptoNoticias verified the agreement between Crixto and Binance. The alliance is real and its exchange rate complies with the regulator's standard.

by Marianella Vanci August 8, 2025 Reading time: 5 minutes

Logo of Bitcoin alongside the Venezuelan company Crixto and Tether.

The payment system with USDT for Venezuela was explicitly approved by both the regulator and Binance. Source: CriptoNoticias.

Executives claim that the rate is not exchangeable because it corresponds to a value set by the regulator.

Crixto serves as the legal exit ramp for Binance to operate formally throughout the country.

In a context where cryptocurrencies have gained ground in Venezuela due to inflation and the scarcity of dollars, the Venezuelan fintech Crixto announced an integration with Binance Pay that allows users to pay with the stablecoin USDT in local businesses, receiving bolivars instantly.

In light of the uproar, which has generated both enthusiasm and controversy, CriptoNoticias requested responses from both companies regarding the doubts expressed by the community, to verify the documents, and to break down the key points to understand the controversy and the value proposition.

Below, we break down five essential keys to understand this initiative, its implications, and the challenges it faces.

1. Alliance or API? An agreement under scrutiny, but with a contract in hand

The main criticism from the community focused on the term "alliance." Some users argued that Crixto simply connected a public Binance Pay API and did not formalize a partnership.

Binance's silence on its official channels fueled this theory. However, CriptoNoticias was able to verify the existence of a "Master Aggregator" contract signed in April 2025, between Crixto and Binance, validated by the legal departments of both firms.

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