Binance, one of the world’s leading cryptocurrency exchanges, has announced plans to delist Tether (USDT) and eight other stablecoins for users in the European Economic Area (EEA) by March 31, 2025. This decision aligns with the European Union’s Markets in Crypto-Assets Regulation (MiCA), which aims to establish a comprehensive legal framework for crypto-assets within the region.
Affected Stablecoins and User Options
The stablecoins slated for removal include:
Tether (USDT)
First Digital USD (FDUSD)
TrueUSD (TUSD)
Pax Dollar (USDP)
Dai (DAI)
Anchored Euro (AEUR)
TerraUSD (UST)
TerraClassicUSD (USTC)
Paxos Gold (PAXG)
Binance has advised EEA users to convert their holdings of these non-compliant stablecoins to MiCA-compliant alternatives such as USD Coin (USDC), Eurite (EURI), or fiat currencies like the euro. While spot trading pairs involving the affected stablecoins will be removed, users will still be able to deposit, withdraw, and convert these assets via Binance Convert.
Regulatory Background
The MiCA regulations, which came into full 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 mandated that crypto exchanges delist non-compliant stablecoins by March 31, 2025.
