#WhiteHouseCryptoSummit Binance, the biggest centralized crypto exchange in the world, will delist nine stablecoins for those in the European Economic Area (EEA), including coins issued by Tether, as they are not compliant with the EU’s Markets in Crypto Assets (MiCA) regulations.
Starting March 31, the assets affected will be USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC and PAXG, the crypto exchange said in an announcment. Binance will continue to allow anyone to withdraw or deposit these coins but encourages EEA users to convert any non-MiCA compliant stablecoins, as some features will be restricted for those tokens.
Stablecoins are cryptocurrencies that attempt to remain pegged to an asset’s price, which can include fiat currencies like the dollar, as well as other assets like gold or silver. Often, this is done by holding a reserve of the asset in which the token is pegged to.