Binance to Delist Nine Stablecoins in EEA
Binance has announced that it will delist trading pairs for nine stablecoins in the European Economic Area (EEA) by March 31, in order to comply with the European Union’s Markets in Crypto-Assets (MiCA) framework.
Stablecoins Affected by Delisting
- Tether (USDT)
- First Digital USD (FDUSD)
- TrueUSD (TUSD)
- Pax Dollar (USDP)
- Dai (DAI)
- Anchored Euro (AEUR)
- TerraUSD (UST)
- TerraClassicUSD (USTC)
- Paxos Gold (PAXG)
Users can continue trading these stablecoins until the deadline, after which Binance will remove them completely from its spot market.
Changes to Margin Trading
Starting March 27, Binance will delist non-compliant margin pairs and convert remaining balances to Circle’s USD Coin (USDC). Traders are advised to manage their positions to avoid forced liquidations.
Continued Support for Non-Compliant Stablecoins
Despite the delisting, Binance will support deposits, withdrawals, and conversions of non-compliant stablecoins through Binance Convert. Custody services for these assets will also remain available.
Encouraging MiCA Compliance
Binance will introduce fee-free trading for specific pairs and offer rewards to users switching to USDC or EURI. Users are also advised to update their Binance Earn and Loan holdings to stablecoins that meet MiCA requirements, like USDC.
Impact of MiCA Compliance
The Markets in Crypto-Assets (MiCA) framework, which came into effect in December 2024, has led to major crypto trading platforms like Coinbase and Crypto.com announcing plans to delist non-compliant stablecoins for European users.
However, Tether has criticized the rapid implementation of these measures, expressing concerns about market disruption. The company emphasizes the need for careful management of regulatory shifts to avoid unintended consequences.
