【In-Depth Analysis】Binance's Stablecoin Delisting Policy in the EU | A Must-Read Guide for Traders

📌Core Event:

Binance has officially announced that in order to fully comply with the EU's Market in Crypto-Assets Regulation (MiCA), it will delist several non-compliant stablecoins in the EU/European Economic Area (EEA) starting March 31, 2024. The affected cryptocurrencies include:

▫️USDT (Tether)

▫️FDUSD

▫️TUSD

▫️USTC (formerly UST)

▫️DAI and a total of 9 major cryptocurrencies

🚨Urgent Timeline:

- By March 31: All withdrawals of non-compliant stablecoins must be completed.

- March 31, UTC+0: Related trading pairs (e.g., BTC/USDT) will be fully halted.

- March 31, 2025, 03:00 UTC: Quantitative trading bot services for affected cryptocurrencies will be terminated.

💡User Response Guide:

1️⃣ Asset Conversion Recommendations

• Immediately check for non-compliant stablecoins in your holdings.

• Prioritize converting to compliant assets like EURⓂ️, BUSD using Binance's 'Automatic Exchange' feature.

• Fiat currency channel users are advised to convert to euro reserves.

2️⃣ Adjusting Trading Strategies

• Close relevant grid/quantitative bots in advance.

• Pay attention to newly listed compliant stablecoin trading pairs.

• Establish alternative trading pairs priced in euros.

3️⃣ Changes in Deposit and Withdrawal Channels

• Retain compliant stablecoins like EURⓂ️ for daily trading.

• Use SEPA channels for euro deposit and withdrawal alternatives.

🌐Industry Ripple Effect:

• Multi-platform synchronized action: Coinbase, Crypto.com, and others have initiated similar delisting processes.

• Rise of compliant stablecoins: Market shares of EURⓂ️, USDC, etc., are expected to grow significantly.

• Derivatives market volatility: There may be abnormal fluctuations in funding rates for some perpetual contracts.

⚠️Special Reminder:

This adjustment stems from the strict regulatory requirements of the EU MiCA legislation, which all exchanges operating in the EU must comply with. Assets not dealt with in a timely manner will face:

▫️Trading function freeze

▫️Inability to participate in new token mining

▫️Restrictions on wealth management services

🔮Future Outlook:

Binance has launched the 'MiCA Compliance Plan' and is expected to introduce:

• A brand new fiat-backed stablecoin

• Regulatory-compliant DeFi products

• Enhanced euro trading zone

(This article does not constitute investment advice; please refer to official announcements for specific operations)

#BinanceNewPolicy #MiCARegulation #StablecoinNewLandscape

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