As of April 1, 2025, Binance has delisted several non-compliant stablecoin trading pairs to comply with the European Union’s Markets in Crypto-Assets (MiCA) regulations.
The move, which impacts users in the European Economic Area (EEA), signals a significant shift as the EU enforces stricter digital asset regulations.
Tether and Other Non-Compliant Stablecoins Affected
Tether (USDT), one of the worldโs most widely used stablecoins, has been delisted from Binance for failing to meet the European Union’s MiCA compliance standards. Along with USD Coin (USDC) and Binance USD (BUSD), Tether accounts for nearly 90% of the stablecoin market, according to the European Central Bank (ECB).ย
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In addition to Tether, First Digital USD (FDUSD) and TrueUSD (TUSD) have also been delisted for non-compliance with MiCA regulations.
Users who missed the deadline can no longer trade these stablecoins but may exchange remaining holdings for MiCA-compliant alternatives via Binance Convert.
Pending orders will be canceled within 48 hours, and non-compliant Cross Margin balances were auto-converted to USDC. Isolated Margin positions were closed.
Any non-compliant stablecoins in Binance Earn and Loans have also been removed, and users were urged to switch to MiCA-approved options before the deadline.
MiCA-compliant stablecoins, such as USDC and EURI, remain available for trading and transactions, says the Binance announcement.ย
Despite the delisting of spot trading pairs, MiCA does not prohibit the custody or transfer of non-compliant stablecoins. Binance and other exchanges can still offer custodial services for these assets.
The Regulatory Pressure Driving Exchange Adjustments
The MiCA regulations, introduced to create a unified framework for crypto assets within the EU, mandate stablecoin issuers maintain transparent reserves and provide stability through rigorous oversight to mitigate systemic risks.
The regulations aim to reduce systemic risks and protect consumers from potential losses in the volatile crypto market.
Several crypto exchanges had already delisted USDT and other non-MiCA complaint stablecoins for European Economic Area (EEA) users before Binanceโs March 31 deadline.
OKX removed USDT trading pairs in March 2024, shifting towards euro-denominated liquidity. Coinbase followed in December 2024, suspending USDT trading for European users to align with MiCA regulations.
Kraken also delisted USDT for EEA customers, implementing a sell-only restriction as of March 24.
Kraken’s roadmap also includes the removal of PayPal USD (PYUSD), Tether EURt (EURT), TrueUSD, and TerraClassicUSD (USTC).
Why This Matters
Binance’s delisting of non-MiCA compliant stablecoins marks a pivotal moment for the European crypto market, as it sets a precedent for other exchanges, reinforcing the need for standardized, regulated stablecoins and shaping the future of the global crypto market.
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