Binance Delists Nine Stablecoins in EU Ahead of MiCA Deadline

Coin WorldMonday, Mar 3, 2025 7:57 am ET

1min read

Binance, the world's largest cryptocurrency exchange, has announced its intention to delist nine stablecoins, including Tether's USDT, from its European platform by March 31. This decision aligns with the exchange's commitment to comply with the European Union's Markets in Crypto-Assets (MiCA) framework, which introduces stricter regulations for digital assets.

The stablecoins affected by Binance's decision include Tether (USDT), First Digital USD (FDUSD), TrueUSD (TUSD), Pax Dollar (USDP), Dai (DAI), Anchored Euro (AEUR), TerraUSD (UST), TerraClassicUSD (USTC), and Paxos Gold (PAXG). Binance has stated that users can continue trading these assets until the deadline, after which they will be completely removed from the spot market.

In addition to delisting these stablecoins, Binance will also implement changes to its margin trading platform from March 27. Non-compliant margin pairs will be delisted, and any remaining balances will be converted to Circle's USD Coin (USDC). The exchange has urged traders to manage their positions in advance to avoid forced liquidations.

Despite these restrictions, Binance will continue to support deposits, withdrawals, and conversions of non-compliant stablecoins through Binance Convert. Custody services for these assets will also remain available. Furthermore, Binance will introduce fee-free trading for specific pairs and offer rewards to users switching to USDC or EURI.

MiCA, which came into effect in December 2024, introduced a unified regulatory framework for digital assets across the EU. Since then, several major crypto trading platforms, such as Coinbase and Crypto.com, have announced plans to delist non-compliant stablecoins like Tether's USDT for European users. However, Tether has criticized the rapid implementation of these measures, arguing that they could disrupt the market. The company noted that multiple stablecoins are affected, not just USDT, making the situation more complex.

Tether has also warned that premature enforcement of MiCA could introduce new risks by destabilizing the market. The company stressed that regulatory shifts should be carefully managed to prevent unintended consequences. As the crypto industry continues to evolve, exchanges and stablecoin issuers must adapt to the changing regulatory landscape to ensure compliance and maintain market stability.

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