Binance to remove nine stablecoins in Europe due to regulatory pressure
06.03.2025
Leading cryptocurrency exchange Binance has announced that on March 31, 2024, it will remove nine stablecoins from the registry of users in the European Economic Area (EEA). This decision was made in response to stricter regulations under the Markets in Crypto-Assets Regulation (MiCA).The affected assets include the largest stablecoin, USDT, as well as Dai, FDUSD, TUSD, USDP, AEUR, UST, USTC, and PAXG. Binance also stated that all trading pairs involving these assets will be closed after March 31, 2025, and any remaining balances can only be sold through Binance Convert. Additionally, all pending spot orders will be canceled within 48 hours of trading closure.Binance advises users to convert their assets into MiCA-compliant stablecoins, such as USDC and EURI, or to transfer funds into fiat currencies, such as the euro, before the deadline.To facilitate the transition, the company is offering special incentives, including zero fees on asset conversion, higher interest rates on Binance Earn products, and a giveaway of 1 million USDC for users trading USDC or EURI.
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