EU Rules Push Binance to Remove Nine non-MiCA Compliant Stablecoins

The exchange announced on March 3 that trading pairs involving nine stablecoins will no longer be available to EEA users after March 31, 2025.

The complete list of stablecoins being removed includes Tether USDT USDT $1.00 , Dai DAI $1.00 , TrueUSD TUSD $0.9996 , Pax Dollar USDP $1.01 , PAX Gold PAXG $2,883.76 , TerraUSD UST $0.0135 , TerraClassicUSD USTC $0.0133 , First Digital USD, and Anchored Euro.

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Although these stablecoins will be removed from spot trading, Binance has assured users that they will still be able to sell them through Binance Convert. The exchange has also confirmed that stablecoins that meet MiCA’s requirements, such as USD Coin USDC $1.00 and Eurite, will remain available.

Users are encouraged to convert their holdings into MiCA-compliant stablecoins or fiat currencies like the euro before the changes take effect. Despite the trading restrictions, Binance will still allow deposits and withdrawals for the affected stablecoins.

The company has stated:

Custody of non-MiCA-compliant stablecoins will continue, and you will be able to withdraw or deposit non-MiCA-compliant stablecoins at any time.

While users will still be able to hold and transfer these assets, it is unclear whether Binance’s approach fully complies with MiCA regulations.

The European Securities and Markets Authority (ESMA) has advised crypto service providers in the region to remove all non-MiCA stablecoins by March 31, 2025. Some regulators, such as MiCA Crypto Alliance’s Juan Ignacio Ibañez, have emphasized that tokens like USDT should be entirely removed, stating, "No trace of USDT should remain, not even in ‘sell-only’ mode, by March 31".

Recently, Nigeria filed a lawsuit against Binance, seeking $8.15 billion in damages. What happened? Read the full story.