New European regulations force Binance to remove USDT and eight other stablecoins starting March 31.
Binance has announced an operational change to comply with the European Union’s Markets in Crypto-Assets (MiCA) regulation. As of March 31, the exchange will remove all trading pairs involving non-compliant stablecoins for users in the European Economic Area (EEA).
The announcement, released on March 3, affects nine stablecoins: 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 decision follows recent EU regulatory guidelines aimed at enforcing MiCA rules on stablecoins, which require issuers to meet specific compliance standards. Despite removing the trading pairs, Binance clarified that EEA users will still be able to deposit, withdraw, and convert these stablecoins via Binance Convert. The custody of non-MiCA compliant stablecoins will also remain available.
Stablecoins already compliant with MiCA, such as USD Coin (USDC) by Circle and Eurite Euro Token (EURI), along with fiat pairs (EUR), will remain unaffected. The company has encouraged EEA users to convert their non-compliant stablecoins into USDC, EURI, or EUR as soon as possible.
Binance is not the only platform implementing these changes. Coinbase, Kraken, Crypto.com, and other exchanges have also announced plans to delist non-compliant stablecoins for European users, aligning with MiCA regulations.
