Binance Announces Delisting of Tether and 9 Stablecoins for EEA Users

Binance, the world's largest centralized cryptocurrency exchange, plans to remove nine stablecoins for users in the European Economic Area (EEA) due to non-compliance with the EU’s Markets in Crypto-Assets (MiCA) regulations.


Starting from March 31, the affected stablecoins will include USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG, according to an official announcement from Binance. While deposits and withdrawals of these assets will still be available, Binance is advising EEA users to swap any stablecoins that don’t meet MiCA requirements, as certain services for these tokens will be limited.



Stablecoins are digital assets designed to maintain a fixed value, often by being pegged to traditional currencies like the US dollar or commodities such as gold. This stability is usually achieved by backing the tokens with reserves of the corresponding as

set.

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