Binance has announced that it will remove all trading pairs related to non-compliant stablecoins under the European Union’s Markets in Crypto-Assets (MiCA) regulations for users in the European Economic Area (EEA) before March 31, 2025, at 23:59 UTC. This move is in response to the new MiCA framework introduced by the EU, which imposes stricter guidelines on stablecoins to enhance transparency and bolster financial security.
Stablecoins may be delisted
Several prominent stablecoins will be affected by this policy, including
- Dai (DAI)
- First Digital USD (FDUSD)
- TrueUSD (TUSD)
- Paxos Gold (PAXG)
- USDP
- AEUR
- UST
- USTC
In contrast, stablecoins that comply with MiCA standards, such as USD Coin (USDC) and Eurite (EURI), will continue to be supported for trading and other financial activities on Binance.
Delisting timeline and restrictions
Currently, EEA users can trade these stablecoins in spot pairs until the designated delisting deadline of March 31, 2025, at 23:59 UTC. After this point, all trading pairs related to non-MiCA compliant stablecoins will be suspended, and any pending spot orders will be canceled within 48 hours.
Binance users can still hold, deposit, and withdraw these stablecoins, although trading them on this platform will no longer be possible.
For margin trading, restrictions will take effect sooner—starting from March 27, 2025, at 07:00 UTC, Binance will begin removing non-compliant margin trading pairs. Any remaining non-MiCA stablecoin assets in the user’s Cross Margin and Isolated Margin accounts will be automatically converted to USDC at a fixed or market rate, depending on the specific token.
Pending margin trades will also be canceled, and Binance recommends users convert their assets manually before this date to minimize potential liquidation risk.
Binance is making it easier to convert to MiCA-compliant stablecoins with a range of special offers. VIP users can now trade USDC pairs like BNB/USDC, ETH/USDC, and SOL/USDC with zero fees, plus enjoy lower trading fees on spot and margin trading for USDC.
Additionally, there is a program offering a $1 million USDC reward for users trading USDC or EURI. If you want to earn interest, Binance Earn is raising interest rates, offering up to 15% APR for USDC deposits and 8.7% APR for flexible EURI products.
Binance is taking significant steps to comply with MiCA regulations and seek licensing under the new EU regulations. MiCA requires stablecoin issuers to hold at least 60% of their reserves in European banks, a regulation that has not been universally supported, including by Tether’s CEO Paolo Ardoino.
He expressed concerns that concentrating a large amount of stablecoin reserves in EU banks could create financial vulnerabilities, as deposits exceeding €100,000 will not be insured.
Binance advises all EEA users to convert their non-compliant stablecoins to MiCA-compliant options such as USDC, EURI, or fiat (EUR) before March 31, 2025. Binance has advised users with margin trading positions to close them by March 27; otherwise, they will be automatically converted to USDC.
After delisting, users will still be able to sell any remaining holdings through Binance Convert, but all trading pairs with non-MiCA stablecoins will be permanently removed.
