Binance to Delist Non-MiCA-Compliant Stablecoins in EEA to Comply with Regulations
Delisting of Non-MiCA-Compliant Stablecoins
Cryptocurrency exchange Binance will delist several stablecoins in the European Economic Area (EEA) to comply with the Markets in Crypto-Assets Regulation (MiCA). The exchange announced on March 3 that it 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.
Affected Stablecoins and Alternatives
The full list of 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 has assured that affected users will still be able to sell their non-MiCA-compliant stablecoins using Binance Convert.
Custody of Non-MiCA Compliant Stablecoins
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 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.
MiCA-Compliant Stablecoins Remaining Available
MiCA-compliant stablecoins, such as Circle-issued stablecoins, USDC (USDC) and Eurite (EURI), will remain available and unchanged.
Conclusion
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 move demonstrates Binance’s commitment to complying with European regulations and ensuring a secure and stable trading environment for its users.
Frequently Asked Questions
- Will I be able to sell my non-MiCA-compliant stablecoins on Binance?
Yes, you will be able to sell your non-MiCA-compliant stablecoins using Binance Convert. - Will I be able to withdraw or deposit non-MiCA-compliant stablecoins?
Yes, custody of non-MiCA-compliant stablecoins will continue, and you will be able to withdraw or deposit them at any time. - Will MiCA-compliant stablecoins be affected?
No, MiCA-compliant stablecoins, such as USDC and EURI, will remain available and unchanged.
