This decision, effective from March 31, will affect nine stablecoins, including Tether (USDT), First Digital USD (FDUSD), and Dai (DAI).

Binance is taking an important step to comply with the European Union's Regulation on Markets in Cryptoassets (MiCA) by delisting all trading pairs of stablecoins that are non-MiCA compliant for users in the European Economic Area (EEA).

This decision will take effect on March 31 and impact nine stablecoins, including Tether (USDT), First Digital USD (FDUSD), TrueUSD (TUSD), Pax Dollar (USDP), Dai (DAI), Anchored Euro (AEUR), TerraUSD (UST), TerraClassicUSD (USTC), and Paxos Gold (PAXG), Binance announced.

This move comes after the European Union issued new guidance on stablecoins, requiring issuers to comply with strict standards. While Binance's EEA users will not be able to trade non-MiCA compliant stablecoins, they will still be able to deposit, withdraw, and convert them through Binance Convert. The storage of non-MiCA compliant stablecoins will also remain available.

MiCA-compliant stablecoin pairs, such as Circle's USD Coin (USDC) and Eurite Euro Token (EURI), along with fiat (EUR) pairs, will remain unaffected and continue to be available, Binance said. The exchange encourages EEA users to convert non-MiCA compliant stablecoins to USDC, EURI, or EUR as soon as possible.

Binance is not the only exchange implementing changes to comply with MiCA. Coinbase, Kraken, Crypto.com, and other platforms have also announced plans to delist non-MiCA compliant stablecoins for European users.

The MiCA regulations, fully effective from December 30, 2024, aim to create a comprehensive legal framework for Cryptoassets in the European Union, enhancing consumer protection and ensuring market transparency.

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The article Binance delist Tether and non-MiCA compliant stablecoins in the EEA first appeared on CoinMoi.