Binance to Delist Non-MiCA Compliant Stablecoins by March 2025
Binance announced it will delist all non-MiCA compliant stablecoins for users in the European Economic Area (EEA) by March 31, 2025. This decision is driven by new regulations under the EU’s Markets in Crypto-Assets (MiCA) framework.
Key Points
- Major stablecoins affected include USDT, FDUSD, TUSD, USDP, and DAI.
- Users are advised to switch to MiCA-compliant alternatives like USDC and EURI.
- Non-compliant stablecoins can still be deposited, withdrawn, and converted until the deadline.
- Margin trading pairs with non-compliant stablecoins will be delisted from March 27, 2025.
- Remaining non-compliant assets in margin accounts will be automatically converted to USDC.
- All non-MiCA-compliant stablecoin pairs will be removed from spot trading by March 31, 2025.
- Pending orders on these pairs will be canceled within 48 hours of delisting.
- Binance introduced zero-fee trading promotions for selected USDC pairs and other rewards for EEA users.
Tether's CEO criticized MiCA’s reserve requirements, warning of potential financial risks due to uninsurance on deposits over €100,000. Despite delistings, Tether claims its business will remain unaffected as regional volume is small.