Binance will delist non-MiCA-compliant stablecoins: USDT is included in the list

Sponsored
Sponsored

Starting from March 31, 2025, Binance will delist all stablecoins not compliant with the MiCA regulation for users in the European Economic Area (EEA). This change follows the new directives of the European Union and will involve assets like USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG. MiCA-compliant stablecoins, such as USDC and EURI, and fiat pairs (EUR) will remain available.

Details of the delisting of Binance of the stablecoins not compliant with MiCA

Binance has decided to comply with MiCA regulations, which aim to regulate the cryptocurrency market in Europe. From March 31, 2025, users in the EEA

Sponsored
will no longer be able to trade non-compliant stablecoin pairs on the platform.

Impacts on Spot and Margin Trading

  • Trading Spot: The non-compliant stablecoin pairs will be completely delisted. The pending orders will be canceled within 48 hours after the end of trading.
  • Margin Trading: From March 27, 2025, non-compliant margin trading pairs will be delisted. Binance will automatically convert non-compliant assets and liabilities into USDC.

Promotions and alternatives for Binance users

To facilitate the transition, Binance offers various promotions for EEA users:

  • Zero Fee Promotion for trading pairs USDC.
  • Taker Fee Promotion for trading USDC.
  • Opportunity to win a share of 1,000,000 USDC.

This move by Binance reflects the growing importance of regolamentazioni in the cryptocurrency market. With the implementation of MiCA, the EU aims to create a safer and more transparent environment for cryptocurrencies. USDC and EURI, being compliant, could see an increase in adoption among EEA users.

Sponsored

Conclusion

The decision by Binance to delist non-compliant stablecoins represents a significant step towards regulatory harmonization in Europe. Users should consider the conversion options and available promotions to adapt to the new regulatory context. This transition could significantly influence the cryptocurrency landscape, encouraging other exchanges to follow the example of Binance.

How will this change influence the future of stablecoins in the European market?

Go to Source
Author: NixCoin

kryptonew

Share
Published by
kryptonew

Recent Posts

Franklin Templeton Gets SEC Relief for Blockchain Fund Custody

AI SummaryShowFranklin Templeton’s blockchain-based custody plan gets SEC staff backing, paving the way for future…

11 hours ago

Press Groups Sue Trump Over $100K Truth API and Crypto Prediction Bets

Key Highlights The Intercept and Freedom of the Press Foundation sued Donald Trump and White…

11 hours ago

Crypto Council Urges OCC to Rethink Stablecoin Reporting Rules

Key Highlights CCI wants the OCC to make stablecoin reporting rules more targeted and practical.…

11 hours ago

NEAR Token Jumps 5.89% to $1.65 as Trading Volume Increases

Key Highlights NEAR traded at $1.65, up 5.89% over 24 hours, while its market capitalization…

11 hours ago

Fidelity Seeks SEC Approval to Add Staking to Ethereum ETF

Key Highlights Fidelity has asked the SEC to allow its FETH Ethereum ETF to stake…

11 hours ago

MoneyGram Expands Solana Integration With Fiat Ramps API

Key Highlights MoneyGram Ramps is now available on Solana through the Solana Developer Platform. Developers…

1 day ago

This website uses cookies.

Read More