Binance Delists 9 Stablecoins in Europe amid MiCA Compliance and Sale Rumors
Cryptocurrency exchange Binance will delist several stablecoins in the European Economic Area (EEA) to comply with the Markets in Crypto-Assets (MiCA) regulation. The delisting will take effect on March 31, 2025, the exchange announced today (Monday).
Meanwhile, speculation about Binance potentially being for sale arose following reports of asset movements in its treasury, which the exchange clarified as routine accounting adjustments. Co-founders Changpeng Zhao and Yi He addressed the rumors, attributing them to a competitor’s public relations strategy.
MiCA Compliance Leads Binance to Delist Stablecoins
The decision affects spot trading pairs with nine stablecoins, including Tether (USDT), Dai (DAI), First Digital USD (FDUSD), and TrueUSD (TUSD). MiCA-compliant stablecoins, such as USD Coin (USDC) and Eurite (EURI), will not be impacted.
⚡️ @Binance will delist non-MiCA compliant stablecoin trading pairs on March 31st
— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) March 3, 2025
Binance has announced its decision to delist non-MiCA compliant stablecoin assets amid the latest guidance from EU authorities in relation to stablecoins. Starting on March 31st, Binance will… pic.twitter.com/LAZJe9z8nn
EEA users will still be able to sell non-MiCA-compliant stablecoins using Binance Convert. The exchange will continue to support custody, deposits, and withdrawals of the affected assets.
Encouraging Conversion Amid MiCA Compliance
Binance advised users to convert non-compliant stablecoins into MiCA-compliant alternatives or fiat currencies like the euro. The delisting follows Binance's ongoing efforts to secure a MiCA license and aligns with previous regulatory changes in Poland.