Binance Delisting Non-MiCA Stablecoins in Europe USDT, DAI, PAXG & More
Binance, one of the world’s largest cryptocurrency exchanges, is making a major change for its European users. To comply with the European Union’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) won’t be able to trade these assets anymore – a significant shift for traders who rely on them.What options do traders have moving forward? Let’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 DelistedFrom March 31, Binance will stop trading for these stablecoins:USDT (Tether)FDUSDTUSDUSDPDAIAEURUSTUSTCPAXGAfter this date, EEA users will not be able to buy or sell these stablecoins on Binance’s spot market.What Happens to Users’ 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.Binance’s Compliance StrategyThe delisting is part of Binance’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 EU’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. Daily Get real-time crypto news, market insights, and blockchain updates. Weekly Stay updated with major trends, funding news, and price analysis. Monthly Receive a detailed report with market analysis and expert predictions.