Tether(USDT) News: Binance Delists Non-MiCA Compliant Stablecoins for EEA Users by March 31

In a significant move impacting the stablecoin market in the European Economic Area (EEA), Binance has announced the delisting of several non-compliant stablecoins, including Tether (USDT). Here’s what you need to know.

Binance Delists Non-MiCA Compliant Stablecoins for EEA Users

Binance has announced the delisting of non-MiCA compliant stablecoins such as Tether (USDT), First Digital USD (FDUSD), and DAI (DAI) for European Economic Area (EEA) users. The deadline for delisting is March 31, after which these stablecoins will be removed from spot trading pairs. Users are urged to switch to MiCA-compliant stablecoins like Circle’s USD Coin (USDC), Eurite (EURI), or fiat currencies like EUR. Binance has stated that custody of non-MiCA compliant stablecoins will continue, allowing users to withdraw or deposit them at any time.

Binance Delists 9 Stablecoins in Europe amid MiCA Compliance and Sale Rumors

Cryptocurrency exchange Binance will delist several stablecoins in the European Economic Area (EEA) to comply with the Markets in Crypto-Assets (MiCA) regulation. The delisting, which will take effect on March 31, 2025, affects spot trading pairs with nine stablecoins, including Dai (DAI) and Tether (USDT). Meanwhile, speculation about Binance potentially being for sale arose following reports of asset movements in its treasury, which the exchange clarified as routine accounting adjustments. Co-founders Changpeng Zhao and Yi He addressed the rumors, attributing them to a competitor’s public relations strategy.

Tether Hires CFO for Full Financial Audit

Tether, the operator of the largest stablecoin token (USDT), has hired Simon McWilliams as its chief financial officer to address lingering audit concerns. The move aims to drive the company toward a full financial audit, addressing ongoing scrutiny over Tether’s operations. Following the 2022 crypto market collapse, users and institutional investors sought greater transparency, leading exchanges to publish proof-of-reserves reports. Tether introduced quarterly attestations conducted by BDO Italy, but some users remained skeptical, demanding a full financial audit.