Cryptocurrency exchange Binance will delist several stablecoins in the European Economic Area (EEA) to comply with the Markets in Crypto-Assets Regulation (MiCA).
On March 31, Binance will delist spot pairs for users in the EEA, with nine stablecoins, including Tether’s USDt (USDT) and Dai (DAI), to be removed to comply with Europe’s MiCA regulations, the exchange announced on March 3.
Still, affected users will still be able to sell their non-MiCA-compliant stablecoins using Binance Convert, the company said.
MiCA-compliant stablecoins, such as Circle-issued stablecoins, USDC (USDC) and Eurite (EURI), will remain available and unchanged, Binance said.
“Custody of non-MiCA Compliant stablecoins will continue”
While encouraging EEA users to convert all non-MiCA compliant stablecoins into assets such as USDC or EURI or fiat currencies like the euro, Binance said it will continue to support custody of non-MiCA compliant assets.
“Custody of non-MiCA-compliant stablecoins will continue and you will be able to withdraw or deposit non-MiCA-compliant stablecoins at any time,” the announcement noted.
An excerpt from Binance’s announcement of delisting non-MiCA-compliant stablecoins. Source: Binance
The full list of the affected non-MiCA-compliant stablecoins on Binance includes Tether USDt, Dai, First Digital USD (FDUSD), TrueUSD (TUSD), Pax Dollar (USDP), Anchored Euro (AEUR), TerraUSD (UST), TerraClassicUSD (USTC) and PAX Gold (PAXG).
Binance’s announcement comes as the exchange is still working to receive a MiCA license. The exchange previously announced changes to its deposit and withdrawal procedures in Poland to comply with the MiCA framework in January 2025.
This is a developing story, and further information will be added as it becomes available.
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