Binance to Delist USDT and Other Non-MiCA Compliant Stablecoins

Binance will cease support for nine stablecoins within the European Economic Area (EEA) due to the need to comply with MiCA regulations.

On March 31, the platform will delist spot pairs with the following stablecoins:

• USDT; 
• DAI;
• TUSD; 
• USDP;
• FDUSD; 
• AEUR;
• UST;
• USTC; 
• PAXG. 

However, storage, deposits, withdrawals, and conversion of these coins will remain available, a Binance representative told Cointelegraph.

“However, [users] will not be able to use these stablecoins for any other products and services on our platform,” he added.

The Binance team advises EEA users to convert non-compliant stablecoins into compatible alternatives like USDC or EURI or to withdraw them into fiat.

The delisting follows a recommendation from the European Securities and Markets Authority. In January, the regulator stated that crypto assets not compliant with MiCA should be removed from the market by March 31.

As of February, ten companies have received approval to issue stablecoins in the EEA, including Circle, Crypto.com, and Societe Generale.