Binance will delist USDT and other non-compliant stablecoins from European users

PANews
PANews
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PANews reported on March 4 that according to Bitcoin.com reports, Binance announced on March 3 that it would remove a number of stablecoins that do not comply with the provisions of the Crypto Assets and Market Surveillance Act (MiCA) on its platform serving residents of the European Economic Area (EEA). Among them, USDT, the largest stablecoin by market capitalization, topped the list of delistings, and other affected stablecoins include FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG. Binance urges users to convert these stablecoins to USDC, EURO, or EUR as soon as possible, but clarifies that EEA users can still deposit or withdraw these non-compliant stablecoins and promises to continue in custody. As of March 31, EEA users will only be able to process these stablecoins through the Binance conversion service. Binance plans to end support for USDT, a move similar to other major crypto exchanges such as Coinbase and Crypto.com, which have also taken the same steps as they have delisted USDT to comply with MiCA regulations.
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