Binance has declared that it will eliminate all trading pairs involving stablecoins that do not comply with the Markets in Crypto-Assets (MiCA) regulation for users in the European Economic Area (EEA) by March 31, 2025, at 23:59 UTC. This move is in response to the European Union’s recently introduced MiCA framework, which imposes stricter guidelines on stablecoins to promote transparency and bolster financial security.
Stablecoins Subject to Delisting
Several prominent stablecoins will be impacted by this policy, including
- Tether (USDT)
- Dai (DAI)
- First Digital USD (FDUSD)
- TrueUSD (TUSD)
- Paxos Gold (PAXG)
- USDP
- AEUR
- UST
- USTC
In contrast, stablecoins that adhere to MiCA standards, such as USD Coin (USDC) and Eurite (EURI), will continue to be supported for trading and other financial operations 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 involving non-MiCA-compliant stablecoins will be discontinued, and any pending spot orders will be terminated within 48 hours.
Binance users will still have the ability to hold, deposit, and withdraw these stablecoins, though trading them on the platform will no longer be possible.
For margin trading, the restrictions will take effect earlier—beginning March 27, 2025, at 07:00 UTC, Binance will start eliminating non-compliant margin trading pairs. Any non-MiCA stablecoin assets remaining in users’ Cross Margin and Isolated Margin accounts will be automatically converted to USDC at either a fixed or market rate, depending on the specific token.
Pending margin trading orders will also be canceled, and Binance has recommended that users manually convert their assets prior to this date to mitigate potential liquidation risks.
Binance is making it easier to transition to MiCA-compliant stablecoins with a bunch of special offers. VIP users can now trade USDC pairs like BNB/USDC, ETH/USDC, and SOL/USDC with zero fees, plus enjoy lower taker fees on USDC spot and margin trading.
On top of that, there’s a $1 million USDC giveaway for users trading USDC or EURI. If you’re into earning interest, Binance Earn is boosting rates, offering up to 15% APR on USDC deposits and 8.7% APR on EURI flexible products.
Binance is taking a big step to follow MiCA regulations and get a license under the EU’s new rules. MiCA requires stablecoin issuers to hold at least 60% of their reserves in European banks, a rule that hasn’t gone down well with everyone, including Tether CEO Paolo Ardoino.
He has expressed concerns that concentrating large stablecoin reserves in EU banks could introduce financial vulnerabilities, given that deposits exceeding €100,000 lack insurance coverage.
Binance is advising all EEA users to convert their non-compliant stablecoins into 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 before March 27; otherwise, they’ll be automatically converted to USDC.
After the delisting, users can still sell any leftover holdings through Binance Convert, but all trading pairs with non-MiCA stablecoins will be permanently removed.
