USDT News: Binance to Delist Non-MiCA Compliant Stablecoins in Europe, Including USDT, by March 31, 2025

In a significant move that underscores the growing regulatory scrutiny of the cryptocurrency market, Binance has announced plans to delist nine stablecoins from its platform for users in the European Economic Area (EEA). Among the affected stablecoins are Tether’s USDT and MakerDAO’s Dai. Here’s a closer look at the development.

Binance to Delist Nine Non-MiCA Compliant Stablecoins in Europe, Including USDT and DAI

Binance, the leading cryptocurrency exchange, has announced plans to delist nine stablecoins, including USDT and Dai, for users in the European Economic Area (EEA) on March 31, 2025. The decision comes amid increasing regulatory pressure, and the affected stablecoins do not comply with the Markets in Crypto-Assets Regulation (MiCA) framework. EU customers can still trade these assets until the deadline. After the deadline, Binance will discontinue all trading pairs involving these stablecoins, and any remaining holdings can only be sold through Binance Convert.

Binance to Delist USDT and Several Other Stablecoins in Europe Due to MiCA

Binance has announced that it will delist Tether’s USDT and several other stablecoins in the European Economic Area (EEA) due to the implementation of the Markets in Crypto Assets (MiCA) regulation. The delisting is part of Binance’s efforts to comply with the new EU legislation, which came into effect in December 2023. Impacted assets include USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG. Sell-only transactions will be allowed until the end of Q1 2025. Circle, the issuer of USDC, may have a chance to consolidate its EU market share further as a result of the delistings. Other major exchanges, such as Coinbase, have already delisted USDT in anticipation of MiCA.

US Cracks Down On Crypto Fraud, Returning $8.2 Million To Victims

The US authorities have identified 33 crypto fraud victims nationwide who lost more than $4.9 million in a “wrong number” scam. The FBI is currently identifying five more potential victims. The US Attorney’s Office of the Northern District of Ohio has submitted a civil complaint requesting the forfeiture of 8,207,578 Tether valued at around $8.2 million. Victims were convinced to invest in cryptocurrency scams through messaging using random phone numbers.