Binance will delist USDT and other non-compliant stablecoins from European users

PANews
PANews
BTC+0.10%
USDT-0.05%
USDC+0.01%

PANews reported on March 4 that according to Bitcoin.com reports, Binance announced on March 3 that it would remove a number of stablecoins that do not comply with the provisions of the Crypto Assets and Market Surveillance Act (MiCA) on its platform serving residents of the European Economic Area (EEA). Among them, USDT, the largest stablecoin by market capitalisation, topped the list of delistings, and other affected stablecoins include FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG. Binance urges users to convert these stablecoins to USDC, EURO, or EUR as soon as possible, but clarifies that EEA users can still deposit or withdraw these non-compliant stablecoins and promises to continue in custody. As of March 31, EEA users will only be able to process these stablecoins through the Binance conversion service.

Binance plans to end support for USDT, a move similar to other major crypto exchanges such as Coinbase and Crypto.com, which have also taken the same steps as they have delisted USDT to comply with MiCA regulations.

Show original
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.