Binance Complies with MiCA: 9 Stablecoins, Including USDT, Face Delisting in Europe

• Binance will delist nine stablecoins, including USDT and DAI, in Europe to comply with MiCA regulations by March 31, 2025.
• EEA users must convert non-MiCA stablecoins to USDC, EUR, or other compliant assets before Binance delists them on March 31.

In response to recent regulatory changes, Binance, one of the world’s largest cryptocurrency exchanges, has announced that it will be delisting non-MiCA-compliant stablecoins for users in the European Economic Area (EEA). This move, set to take effect on March 31, 2025, is a direct response to the European Union’s Markets in Crypto-Assets Regulation (MiCA), which aims to create a comprehensive legal framework for crypto-assets within the region. 

Affected stablecoins, including popular tokens like Tether’s USDT and Dai (DAI), will no longer be available for trading on the platform. However, users will still have the option 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 that it would 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). 

Binance explained that starting from March 31, at 23:59 UTC, all spot trading pairs involving these stablecoins will no longer be available for EEA users. Additionally, margin trading pairs involving non-compliant stablecoins will be removed on March 27, 2025, at 07:00 UTC.

Binance emphasized that users can still convert any remaining non-MiCA-compliant stablecoins to MiCA-compliant tokens like USDC or EURI or even to fiat currencies like the euro. For users holding non-compliant stablecoins, Binance assured them that they could still deposit and withdraw these tokens after the delisting deadline. However, they will not be able to use them for any 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, are designed to provide clearer guidelines for crypto-asset service providers in the EU, focusing on consumer protection and market integrity. The European Securities and Markets Authority (ESMA) has been closely monitoring the implementation of these rules, with clear guidance that non-compliant stablecoins should be delisted by March 31, 2025.

Binance’s move to comply with MiCA comes as part of broader efforts within the cryptocurrency industry to align with the EU’s regulatory framework. Other crypto exchanges, such as Coinbase, Kraken, and Crypto.com, have also announced plans to delist non-compliant stablecoins for European users. This trend is a significant step in ensuring that the cryptocurrency market in the EU operates within a regulated and secure environment.

However, while Binance has made adjustments to its platform to comply with MiCA, the exchange is still in the process of securing a MiCA license. Binance’s spokesperson clarified that, despite the delisting of non-compliant stablecoins, users will continue to be able to withdraw or deposit these assets. The exchange, however, urged its users to make the necessary conversions or withdrawals before the deadline to continue utilizing its full range of services.

MiCA Compliance and Future Developments

Binance is delisting non-compliant stable coins as part of MiCA regulations, which came into effect on 30th December 2024. MiCA aims to provide clear guidelines to improve consumer protection and market integrity in the EU, though some final regulations are still being developed. 

Binance has not received its MiCA license yet but is working to meet the regulations, including changes to deposit and withdrawal procedures. The European Securities and Markets Authority (ESMA) has called for the delisting of non-compliant tokens by March 31, 2025.

Meanwhile, Binance’s native token, BNB, was left out of the newly formed U.S. Crypto Strategic Reserve, sparking debates. Despite having an $86 billion market cap, BNB was not included in the initial reserve, which consists of Bitcoin, Ethereum, XRP, Solana, and Cardano. Binance founder Changpeng Zhao reassured BNB holders that they might still be included in the future.

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