Binance to Delist Non-MiCA-Compliant Stablecoins in EEA

Binance is set to remove several stablecoins from its platform in the European Economic Area (EEA) by March 31, in line with the region’s new Markets in Crypto-Assets Regulation (MiCA).

Among the stablecoins being delisted are Tether’s USDt and Dai, which will no longer be available for spot trading in the EEA.

However, users affected by this change will still be able to convert these stablecoins through Binance’s Convert feature. The exchange clarified that MiCA-compliant stablecoins, such as USDC and Eurite (EURI), will remain unaffected.

While Binance urged users to swap non-compliant stablecoins for either USDC, EURI, or fiat currencies like the euro, it emphasized that custodial services for these assets would continue. This means users will still be able to deposit or withdraw non-compliant stablecoins at any time.

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The delisting affects a range of stablecoins, including Tether USDt, Dai, First Digital USD, TrueUSD, Pax Dollar, TerraUSD, and others.

This move is part of Binance’s ongoing efforts to meet MiCA regulations, with the platform still in the process of acquiring the necessary MiCA license. The exchange also made adjustments to its services in Poland earlier this year to comply with MiCA requirements.

Alexander Stefanov