Binance has announced it will remove several stablecoins from its platform in the European Economic Area (EEA) to comply with the EU’s Markets in Crypto-Assets Regulation (MiCA), marking a significant shift in Europe’s crypto landscape.
On March 31, Binance will delist multiple stablecoins in the EEA, including Tether’s USDT and MakerDAO’s DAI, to adhere to MiCA’s new regulatory framework.
According to Binance’s official statement, users in the EEA will no longer be able to trade affected stablecoins in spot pairs, but they can still sell them through Binance Convert, allowing for conversion into MiCA-compliant alternatives such as:
- Circle’s USDC
- Eurite (EURI), a euro-backed stablecoin
Full List of Affected Stablecoins
- Tether (USDT)
- Dai (DAI)
- First Digital USD (FDUSD)
- TrueUSD (TUSD)
- Pax Dollar (USDP)
- Anchored Euro (AEUR)
- TerraUSD (UST)
- TerraClassicUSD (USTC)
- PAX Gold (PAXG)
Binance’s move highlights the growing regulatory pressure as European regulators enforce stricter oversight of stablecoins, requiring issuers to register and obtain approval under MiCA’s rules.
Binance to Continue Custody and Withdrawals of Non-Compliant Stablecoins
While Binance is urging EEA users to convert non-compliant stablecoins into MiCA-approved assets like USDC, EURI, or fiat currencies (such as the euro), it will not prevent withdrawals or deposits of delisted stablecoins.
Key Points from Binance’s Announcement
- Custody of non-MiCA-compliant stablecoins will continue.
- Users can still withdraw or deposit affected stablecoins at any time.
- Stablecoin issuers must comply with MiCA to remain tradable on Binance.
This means that users won’t lose access to their funds, but trading and liquidity for certain stablecoins will be restricted within the EEA.
Binance’s announcement comes amid its ongoing efforts to secure a MiCA license, which would allow it to operate fully under the EU’s new crypto regulations.
In January 2025, Binance adjusted its deposit and withdrawal procedures in Poland to align with MiCA requirements, signaling its commitment to regulatory compliance across the region.
Final Takeaway
The delisting of Tether’s USDT and other stablecoins marks a major shift in Europe’s crypto landscape as exchanges adapt to MiCA’s evolving regulatory environment.
- Stablecoin issuers may seek MiCA approval to remain on European platforms.
- More exchanges could follow Binance’s lead, enforcing similar stablecoin restrictions.
- European crypto traders will need to adjust by using MiCA-compliant alternatives like USDC and EURI.
With Binance at the forefront of regulatory adaptation, the future of stablecoins in Europe remains uncertain, but one thing is clear: compliance is no longer optional.
