Binance Will Delist All Non-MiCA Compliant Stablecoin Trading Pairs by March 31, 2025

Binance has declared that it will eliminate all trading pairs involving stablecoins that do not comply with the Markets in Crypto-Assets (MiCA) regulation

Binance is set to delist all trading pairs involving stablecoins that do not comply with the Markets in Crypto-Assets (MiCA) regulation for users in the European Economic Area (EEA) by March 31, 2025, at 23:59 UTC.

The move follows the recent introduction of the MiCA framework by the European Union, which imposes stricter guidelines on stablecoins to promote transparency and financial security.

Several prominent stablecoins, including Tether’s USDT, Huobi Token (HT), TrueUSD (TUSD), and Pax Dollar (USDP), will be delisted from Binance as they do not meet the criteria set forth by MiCA. In contrast, stablecoins such as USD Coin (USDC) and Eurite (EURI), which adhere to MiCA standards, will continue to be supported for trading and other financial operations on Binance.

Currently, EEA users can trade these stablecoins in spot pairs until the designated delisting deadline of March 31, 2025, at 23:59 UTC. After this point, all trading pairs involving non-MiCA-compliant stablecoins will be discontinued, and any pending spot orders will be terminated within 48 hours. However, Binance users will still have the ability to hold, deposit, and withdraw these stablecoins.

For margin trading, the restrictions will take effect earlier—beginning March 27, 2025, at 07:00 UTC, Binance will start eliminating non-compliant margin trading pairs. Any non-MiCA stablecoin assets remaining in users’ Cross Margin and Isolated Margin accounts will be automatically converted to USDC at either a fixed or market rate, depending on the specific token. Pending margin trading orders will also be canceled, and Binance has recommended that users manually convert their assets prior to this date to mitigate potential liquidation risks.

Binance is making it easier to transition to MiCA-compliant stablecoins with a bunch of special offers. VIP users can now trade USDC pairs like BNB/USDC, ETH/USDC, and SOL/USDC with zero fees, plus enjoy lower taker fees on USDC spot and margin trading.

On top of that, there’s a $1 million USDC giveaway for users trading USDC or EURI. If you’re into earning interest, Binance Earn is boosting rates, offering up to 15% APR on USDC deposits and 8.7% APR on EURI flexible products.

Binance is making this change to comply with the new MiCA regulations and secure a crypto services license from the European Commission.

MICA, which stands for Markets in Crypto-assets, is a new legal framework in the European Union (EU) that aims to regulate the crypto market. It requires issuers of pegged stablecoins to hold at least 60% of their reserves in low-risk assets, such as European government bonds, and the remaining 40% in highly liquid assets, which can include investment-grade corporate bonds and senior bank debt.

However, this regulation has sparked controversy, particularly regarding the composition of stablecoin reserves.

Recently, Tether CEO Paolo Ardoino voiced his concerns about the implications of concentrating large stablecoin reserves in EU banks. Ardoino highlighted that deposits exceeding €100,000 in European banks are not covered by deposit insurance.

In another development, Binance is encouraging all EEA users to convert their non-compliant stablecoins into MiCA-compliant options such as USDC, EURI, or fiat (EUR) by March 31, 2025. Binance has advised users with margin trading positions to close them before March 27; otherwise, they’ll be automatically converted to USDC. After the delisting, users can still sell any leftover holdings through Binance Convert, but all trading pairs with non-MiCA stablecoins will be permanently removed.