Chiara Bianchi
In a significant regulatory shift, Binance has announced plans to delist all stablecoin trading pairs that fail to meet the European Union’s MiCA (Markets in Crypto-Assets) requirements for users in the European Economic Area (EEA).
The delisting, set to take effect on March 31, will impact nine stablecoins: Tether (USDT), First Digital USD (FDUSD), TrueUSD (TUSD), Pax Dollar (USDP), Dai (DAI), Anchored Euro (AEUR), TerraUSD (UST), TerraClassicUSD (USTC), and Paxos Gold (PAXG), Binance confirmed on Monday.
The EU’s MiCA framework requires stablecoin issuers to adhere to strict compliance standards. While Binance users in the EEA will no longer be able to trade non-compliant stablecoins, they can still deposit, withdraw, and convert them through Binance Convert. Additionally, custody services for these assets will remain available, the exchange said.
Stablecoins that meet MiCA’s regulatory standards, including Circle’s USD Coin (USDC) and Eurite Euro Token (EURI), along with fiat trading pairs such as the euro (EUR), will remain unaffected. Binance has advised users to convert their non-compliant stablecoins into USDC, EURI, or EUR before the delisting date.
Other Major Exchanges Also Adjusting to MiCA Rules
Binance is not alone in its efforts to align with MiCA regulations. Other leading exchanges, including Coinbase, Kraken, and Crypto.com, have also announced plans to remove non-compliant stablecoins for European users as part of their compliance strategies.
The MiCA regulations, which fully came into effect on December 30, 2024, aim to establish a comprehensive legal framework for crypto-assets in the EU, strengthening consumer protection and market integrity. However, the regulatory rollout is still ongoing.
“Although MiCA has been fully applicable since December 30, 2024, the process of finalizing Level 2 and Level 3 measures—such as delegated and implementing acts, as well as detailed compliance guidelines—is still underway,” law firm Hogan Lovells stated last month.
With MiCA enforcement ramping up, Binance and other major exchanges are proactively adjusting their operations to ensure full regulatory compliance within the European market.
