Cryptocurrency exchange Binance will remove nine stablecoins, including USDT and DAI, from its European platform on March 31 to comply with the Markets in Crypto-Assets (MiCA) regulations. While trading pairs will be discontinued, custody and conversion services for these assets will remain available.
Key Details of the Delisting
- Affected Assets: Tether USDt (USDT), Dai (DAI), First Digital USD (FDUSD), TrueUSD (TUSD), Pax Dollar (USDP), Anchored Euro (AEUR), TerraUSD (UST), TerraClassicUSD (USTC), and PAX Gold (PAXG).
- Scope: Applies only to users in the European Economic Area (EEA).
- Post-Delisting Options: Users can still sell non-compliant stablecoins via Binance Convert or convert them into MiCA-approved assets like USDC, EURI, or fiat currencies (e.g., EUR).
MiCA-Compliant Stablecoins Remain Available
Stablecoins meeting MiCA standards, such as Circle’s USDC and Eurite’s EURI, will continue to be listed without changes. Binance emphasizes that custody services for non-compliant stablecoins will persist, allowing deposits and withdrawals.
👉 Explore MiCA’s impact on stablecoin regulations
Background and Compliance Efforts
Binance is actively pursuing a MiCA license while adjusting operations to align with the regulatory framework. Earlier announcements revealed plans to modify deposit/withdrawal procedures in Poland by January 2025 under MiCA guidelines.
FAQ Section
Q: Can EEA users still hold non-MiCA stablecoins after March 31?
A: Yes, custody services remain operational, but trading pairs will be delisted.
Q: Which stablecoins are MiCA-compliant?
A: USDC and EURI currently meet the standards; others may seek approval later.
Q: How does this affect Binance’s global operations?
A: The delisting applies only to EEA users; other regions remain unaffected.
👉 Stay updated on crypto regulatory changes
This is a developing story. Updates will follow as more information becomes available.
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