Binance to Delist Nine Stablecoins in the European Economic Area by March 31
Binance has announced that it will be delisting trading pairs for nine stablecoins in the European Economic Area (EEA) by March 31, as per a statement released on March 3.
The decision to delist these stablecoins is in line with Binance’s commitment to comply with the European Union’s Markets in Crypto-Assets (MiCA) framework, which imposes stricter regulations on digital assets.
Stablecoins that will be 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).
Users on the platform will still be able to trade these assets until the deadline, after which Binance will remove them completely from its spot market. In addition to delisting these stablecoins, Binance will also make changes to its margin trading from March 27. Non-compliant margin pairs will be delisted, and any remaining balances will be converted to Circle’s USD Coin (USDC).
To avoid forced liquidations, Binance is urging traders to manage their positions in advance. Despite the delisting of these stablecoins, 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 has also announced fee-free trading for specific pairs and rewards for users who switch to USDC or EURI. Users are advised to update their Binance Earn and Loan holdings to stablecoins that meet the MiCA requirements, such as USDC.
MiCA, which came into effect in December 2024, introduced a unified regulatory framework for digital assets across the EU. In response to MiCA, major crypto trading platforms like Coinbase and Crypto.com have also announced plans to delist non-compliant stablecoins for European users.
However, Tether has criticized the rapid implementation of these measures, stating that they could disrupt the market. The company emphasized that multiple stablecoins are affected, not just USDT, making the situation more complex. Tether warned that premature enforcement of MiCA could introduce new risks by destabilizing the market, and regulatory shifts should be carefully managed to prevent unintended consequences.