Binance has announced that it will delist all trading pairs involving non-MiCA (Markets in Crypto-Assets Regulation) compliant stablecoins for users in the European Economic Area (EEA) by March 31. The decision follows recent regulatory guidance from EU authorities, requiring compliance with the upcoming MiCA framework.

According to Binance, the delisting will affect stablecoins such as USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG. While spot trading for these stablecoins will remain available until the deadline, all associated trading pairs will be fully removed after March 31, 2025. 

Users in the EEA will still be able to withdraw, deposit, and convert these stablecoins, but trading will no longer be supported. Binance has encouraged users to convert their holdings to MiCA-compliant stablecoins like USDC and EURI or fiat pairs such as EUR before the deadline.

From now until March 31, 2025, users can continue trading non-MiCA compliant stablecoin pairs. However, once the deadline passes, these pairs will be delisted, and all pending orders will be canceled within 48 hours.

For margin trading, Binance will automatically convert any remaining non-MiCA stablecoin holdings in margin accounts to USDC on March 27, 2025. Isolated margin positions in these stablecoins will also be closed, with any pending orders canceled.

Users with stablecoin holdings in Binance Earn, Dual Investment, and Loans are advised to convert them to MiCA-compliant alternatives before the deadline. Binance will also terminate Trading Bots services for unauthorized stablecoin trading pairs on March 31, 2025.

The MiCA regulation, set to take effect in 2025, establishes a legal framework for crypto-assets across the EU, including requirements for stablecoin issuers to comply with reserve and transparency standards. Binance’s decision aligns with these upcoming regulatory measures, as non-compliant stablecoins will no longer be supported for trading within the EEA.

While Binance users can continue holding and withdrawing non-MiCA stablecoins, trading access will be restricted, pushing many to transition towards compliant alternatives like USDC and EURI. 

Binance has advised users to convert their holdings ahead of the deadline and has introduced promotional incentives for transitioning to USDC, EURI, and EUR trading pairs. However, after March 31, 2025, non-MiCA stablecoins will only be tradeable via Binance Convert.