Key Points:
- Binance will delist non-MiCA compliant stablecoin trading pairs for EEA users starting March 31, 2025.
- Affected stablecoins include USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG.
- Users are encouraged to convert non-MiCA stablecoins to USDC, EURI, or EUR before the deadline.
Following the latest EU regulations on stablecoins, Binance has announced upcoming restrictions for non-MiCA compliant stablecoins within the European Economic Area (EEA).
Starting March 31, 2025, Binance will remove trading pairs involving these stablecoins but will continue to allow deposits, withdrawals, and conversions.
MiCA Compliant vs. Non-Compliant Stablecoins
MiCA-compliant stablecoins such as USDC and EURI will remain available for trading. However, the following non-MiCA compliant stablecoins will no longer be available for Spot and Margin trading:
- USDT (Tether)
- FDUSD
- TUSD
- USDP
- DAI
- AEUR
- UST & USTC
- PAXG
Timeline and Trading Restrictions
Spot Trading
- Until March 31, 2025 (23:59 UTC): Users can continue trading non-MiCA stablecoin pairs.
- After March 31, 2025: All affected Spot trading pairs will be fully delisted. Pending Spot orders will be canceled within 48 hours.
Margin Trading
- March 27, 2025 (07:00 UTC): Binance will delist all non-MiCA compliant Margin pairs and convert remaining assets into USDC.
- Isolated Margin positions will be closed, liabilities repaid, and all pending orders automatically canceled.
Binance Earn and Loans
- Users are advised to switch their Binance Earn and Dual Investment holdings from non-MiCA stablecoins to USDC or EURI before March 31, 2025.
- After this date, non-compliant stablecoins can still be sold via Binance Convert.
Conversion Rates for Non-MiCA Stablecoins
Binance will convert non-MiCA stablecoins to USDC at the following rates:
- USDT & FDUSD: Fixed at 1:1
- USDP, DAI, AEUR, USTC, PAXG: Based on opening price on March 27, 2025
Ongoing Promotions for EEA Users
To help users transition to MiCA-compliant stablecoins, Binance is offering various promotions, including:
- Zero-fee trading for selected USDC pairs.
- Taker fee discounts for USDC Spot and Margin trading.
- Up to 15% APR on USDC Simple Earn Flexible Products.
Next Steps for EEA Users
Users in the EEA should convert their non-MiCA compliant stablecoin holdings to USDC, EURI, or EUR as soon as possible to avoid disruptions. Trading restrictions will begin in late March 2025, but withdrawals and deposits will remain available.
