Binance will remove Tether (USDT) and other stablecoins to comply with European regulation
The removal of USDT occurs on the same day that Tether names a new CFO, in a 'historic step' towards a complete financial audit
$ETH Binance, the largest centralized cryptocurrency exchange in the world, will remove nine stablecoins for users in the European Economic Area (EEA), including tokens issued by Tether, as they do not comply with the European Union's Markets in Crypto-Assets (MiCA) regulations.
Starting March 31, the affected assets will be USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG, the exchange reported in an announcement. Binance will continue to allow withdrawals and deposits of these tokens but encourages EEA users to convert any MiCA non-compliant stablecoins, as some functionalities will be restricted for these assets.
Binance will remove Tether (USDT) and other stablecoins to comply with European regulation
The removal of USDT occurs on the same day that Tether names a new CFO, in a 'historic step' towards a complete financial audit
Decrypt
March 3, 2025 13:52
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Published on March 3, 2025 13:52 Updated on March 3, 2025 11:04
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Cryptocurrencies,
Europe,
Stablecoins,
Tether,
USDT
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Binance, the largest centralized cryptocurrency exchange in the world, will remove nine stablecoins for users in the European Economic Area (EEA), including tokens issued by Tether, as they do not comply with the European Union's Markets in Crypto-Assets (MiCA) regulations.
Starting March 31, the affected assets will be USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG, the exchange reported in an announcement. Binance will continue to allow withdrawals and deposits of these tokens but encourages EEA users to convert any $ETH