Cryptocurrency exchange Binance is set to delist multiple stablecoins within the European Economic Area (EEA) as it works to align with the Markets in Crypto-Assets Regulation (MiCA).
According to a March 3 announcement, Binance will remove spot trading pairs involving nine stablecoins—including Tether’s USDT and Dai (DAI)—for EEA users on March 31 to ensure compliance with MiCA.
However, affected users will still have the option to sell their non-compliant stablecoins using Binance Convert, the exchange confirmed.
Binance assured users that stablecoins meeting MiCA regulations, such as Circle’s USDC and Eurite (EURI), will remain unaffected and available for trading.
Deposits and Withdrawals Will Continue
Despite the delisting, Binance will continue to support custody, deposits, and withdrawals for non-compliant stablecoins. The exchange is advising EEA users to convert their holdings into MiCA-approved alternatives like USDC, EURI, or fiat currencies such as the euro.
“Custody of non-MiCA-compliant stablecoins will remain available, meaning users can still deposit and withdraw these assets at any time,” the announcement clarified.
A Binance spokesperson told that while users can hold and convert non-compliant stablecoins, they won’t be able to use them for any other platform services. The company is encouraging users to transition to MiCA-compliant assets as soon as possible to maintain access to the full suite of Binance offerings.
Binance Still Awaiting MiCA License
The affected stablecoins include USDT, DAI, First Digital USD (FDUSD), TrueUSD (TUSD), Pax Dollar (USDP), Anchored Euro (AEUR), TerraUSD (UST), TerraClassicUSD (USTC), and PAX Gold (PAXG).
Although Binance will still allow deposits and withdrawals after March 31, it remains uncertain whether this approach fully aligns with MiCA regulations.
The European Securities and Markets Authority (ESMA), which oversees MiCA compliance, has urged European crypto service providers to fully phase out non-compliant tokens by March 31, 2025.
“No trace of USDT should remain, not even in a ‘sell-only’ mode, by March 31,” stated Juan Ignacio Ibañez, a member of the Technical Committee of the MiCA Crypto Alliance, in a LinkedIn post earlier this year.
Binance’s latest move comes as the exchange continues working toward obtaining a MiCA license. In January, the company adjusted its deposit and withdrawal procedures in Poland to comply with MiCA, set to take full effect in 2025.
Binance has not yet commented on its licensing progress or whether it will need to completely delist non-compliant stablecoins once it secures regulatory approval.
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