News
  • Mustafa Mulla
    author-profile

    Mustafa Mulla right arrow

    Author

    Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

    • author twitter
    • linkedin

  • 1 minute read

Binance Delisting 9 Stablecoins in Europe by March 31 Under New MiCA Rules

Story Highlights
  • Binance delisting 9 non-MiCA stablecoins in Europe by March 31 including USDT, DAI, TUSD, and many more.

  • Users can still hold, convert, and withdraw delisted stablecoins despite trading restrictions.

  • Binance encourages converting holdings into MiCA-approved stablecoins like USDC and EURI.

Binance, one of the world’s largest cryptocurrency exchanges, is making a major change for its European users. To comply with the European Unionโ€™s Markets in Crypto-Assets (MiCA) regulations, the exchange will delist nine stablecoins by March 31. This means users in the European Economic Area (EEA) wonโ€™t be able to trade these assets anymore – a significant shift for traders who rely on them.

What options do traders have moving forward? Letโ€™s break it all down.

Why Is Binance Removing These Stablecoins?

MiCA introduces stricter regulations for cryptocurrencies, especially stablecoins. To comply, Binance is restricting trading for stablecoins that do not meet MiCA standards in the EEA.

List of Stablecoins Being Delisted

From March 31, Binance will stop trading for these stablecoins:

  • USDT (Tether)
  • FDUSD
  • TUSD
  • USDP
  • DAI
  • AEUR
  • UST
  • USTC
  • PAXG

After this date, EEA users will not be able to buy or sell these stablecoins on Binanceโ€™s spot market.

What Happens to Usersโ€™ Holdings?

Although trading will be restricted, Binance has confirmed that users can still hold, convert, and withdraw these stablecoins.

To stay compliant, Binance is encouraging users to convert their holdings into MiCA-approved alternatives like USDC (issued by Circle) or Eurite (EURI). Users can also switch to fiat currencies like the euro, which remain available for trading.

Binance is advising users to transition any holdings under Binance Earn, Dual Investment, and Binance Loans from non-compliant stablecoins to MiCA-approved ones before March 31.

Binanceโ€™s Compliance Strategy

The delisting is part of Binanceโ€™s broader plan to align with MiCA regulations. The exchange has already made several adjustments to its operations across Europe, including modifying deposit and withdrawal processes in Poland earlier this year.

Binance is also working toward obtaining a MiCA license, which would allow it to operate fully within the EUโ€™s new regulatory framework.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

Binance is playing by the new rulebook. Will this end well? Let’s wait and see.

Show More

Related Articles

Back to top button