**Binance to Bid Farewell to Nine Stablecoins, Including USDT and DAI, in Europe by March 31, 2025: EEA Users Encouraged to Convert Non-Compliant Stablecoins**
In light of recent regulatory updates, Binance, one of the leading cryptocurrency exchanges globally, has announced its decision to delist nine stablecoins that do not comply with the Markets in Crypto-Assets Regulation (MiCA) for users in the European Economic Area (EEA). This change is set to take effect on March 31, 2025, as part of the European Union’s initiative to establish a comprehensive legal framework for crypto-assets in the region. Among the stablecoins affected are well-known tokens such as Tether’s USDT and Dai (DAI), which will no longer be available for trading on the platform. However, users will still have the opportunity to convert these assets into MiCA-compliant stablecoins like USDC or withdraw them from their accounts.
**Binance Takes Steps to Align with MiCA**
On March 3, 2025, Binance officially confirmed its plan to delist nine non-MiCA-compliant stablecoin trading pairs for EEA users. The stablecoins being removed from the platform include Tether’s USDT, First Digital USD (FDUSD), TrueUSD (TUSD), USD Digital (USDP), Dai (DAI), Aeuro (AEUR), TerraUSD (UST), Terra Classic (USTC), and Paxos Gold (PAXG). Starting from March 31, at 23:59 UTC, all spot trading pairs involving these stablecoins will no longer be accessible to EEA users. Additionally, margin trading pairs with non-compliant stablecoins will be removed on March 27, 2025, at 07:00 UTC. Binance reassured users that they can still convert any remaining non-MiCA-compliant stablecoins into MiCA-compliant tokens like USDC or EURI, or even exchange them for fiat currencies like the euro. For those holding non-compliant stablecoins, Binance has confirmed that deposits and withdrawals will still be possible after the delisting deadline. However, these tokens will not be usable for other services on the platform, such as margin trading or trading bots.
**Impact on Binance Users in the EEA**
The MiCA regulations, which came into effect on December 30, 2024, aim to provide clearer guidelines for crypto-asset service providers in the EU, with a focus on consumer protection and market integrity. The European Securities and Markets Authority (ESMA) has been closely monitoring the implementation of these rules, emphasizing that non-compliant stablecoins should be delisted by March 31, 2025. Binance’s proactive approach to comply with MiCA is part of a broader movement within the cryptocurrency industry to align with the EU’s regulatory framework. Other exchanges, including Coinbase, Kraken, and Crypto.com, have also announced similar plans to delist non-compliant stablecoins for their European users. This trend marks a significant step toward ensuring that the cryptocurrency market in the EU operates within a regulated and secure environment, fostering trust and stability for all users.
