Binance to Delist Non-MiCA Compliant Stablecoins in the EEA on March 31

Highlights:

• Binance will remove stablecoins that do not comply with MiCA regulations in the EEA.
• Users can still sell and withdraw delisted stablecoins but cannot use them to trade.
• Binance has urged users to convert the stablecoins to USDC, EURI, or euros before restrictions begin.

Binance will delist several stablecoins for users in the European Economic Area (EEA) on March 31. According to an official statement issued today, the company stated that the decision follows the requirements of the Markets in Crypto-Assets Regulation (MiCA). MiCA rules require stablecoin issuers to hold at least 60% of their reserves in European banks.

Binance will delist nine non-MiCA compliant stablecoins, including USDT and DAI, in the European Economic Area (EEA) on March 31, 2025, to comply with the Markets in Crypto-Assets (MiCA) regulations.

Users can still convert these stablecoins using Binance Convert and maintain… pic.twitter.com/jodNeIUj1k

— Audax Flux (@AudaxFlux) March 3, 2025

Nine stablecoins will be affected, including Tether’s USDT, DAI, FDUSD, TUSD, USDP, AEUR, UST, USTC, and PAXG. Binance is taking these steps to comply with new European regulations. Users in the EEA will no longer have access to spot trading pairs involving these stablecoins.

Starting March 27 at 07:00 UTC, Binance will also delist margin trading pairs involving these stablecoins. Users will not be able to trade them in any margin trading features. By March 31 at 23:59 UTC, the exchange will restrict spot trading for these assets.

Options for Users After the Delisting

Despite the delisting, affected users can still sell non-MiCA-compliant stablecoins through Binance Convert. However, they will not be able to use the non-compliant stablecoins for any other products or services on the platform.

MiCA-compliant stablecoins will remain available, and users can continue trading stablecoins such as USDC and EURI. Binance has urged users to either convert the non-compliant stablecoins to a MiCA-compliant one or to fiat currency, like the euro.

Users can still hold, deposit, and withdraw non-MiCA-compliant stablecoins after March 31. The platform will continue to offer custody services for these assets. However, users should be aware that they cannot use these stablecoins for other platform functions. Other Binance services will also be impacted. Trading bots, Earn, and Loans will no longer support non-MiCA-compliant stablecoins. Users should take necessary actions before March 31 to avoid service disruptions. 

The delisting comes as Binance expands into other territories outside the EU. Recently, the company gained approval from the National Agency of Perspective Projects to provide services in Uzbekistan. Additionally, the company gained approval for a Broker-Dealer License in Brazil after acquiring Sim;paul.

Binance’s Compliance Efforts

The European Securities and Markets Authority (ESMA) has set a compliance deadline of March 31, 2025. By this date, all European crypto service providers must fully remove non-compliant stablecoins. Some members of the authority have emphasized that no traces of USDT should remain by this deadline.

Binance is still working on obtaining a MiCA license. The exchange previously made regulatory changes in Poland to align with the MiCA framework. This latest delisting effort reflects Binance’s ongoing commitment to meeting European regulatory standards.

Meanwhile, the company recently addressed rumors of a potential sale of the company. The rumors began after the company started to move some assets from its Treasury. However, the company clarified that it was a routine accounting adjustment and was not preparing for a sale. They attributed the rumors to the public relations strategy being used by their competitors. 

4. Some lowly self-perceived competitor in Asia fudding about Binance (CEX) for sale.😂

As a shareholder, Binance is not for sale.

Top investors have always been interested in Binance. Over time, we may allow some investments in the single-digit percentage range.🤷‍♂️

— CZ 🔶 BNB (@cz_binance) February 17, 2025