Binance to delist 9 stablecoins including USDT for Europe in MiCA win for Circle’s USDC



Binance will delist trading pairs for nine stablecoins in the European Economic Area (EEA) by March 31, according to a March 3 statement.

According to the exchange, this decision aligns with its efforts to comply with the European Union’s Markets in Crypto-Assets (MiCA) framework, which introduces stricter regulations for digital assets.

Binance delists Tether and others

Binance stated that the stablecoins affected by its 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).

The firm explained that its users can continue trading these assets until the deadline, after which Binance will completely remove them from its spot market.

Meanwhile, Binance will also implement changes to margin trading from March 27. The Richard Teng-led exchange stated 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.

Binance furthered that it will introduce fee-free trading for specific pairs and offer rewards to users switching to USDC or EURI.

Additionally, users are advised to update their Binance Earn and Loan holdings to stablecoins that meet MiCA requirements, like USDC.

MiCA compliance

MiCA came into effect in December 2024 and 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.

Additionally, Tether has warned that premature enforcement of MiCA could introduce new risks by destabilizing the market. It stressed that regulatory shifts should be carefully managed to prevent unintended consequences.

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