In a twist of fate, Binance, the grand master of digital exchanges, has decreed the demise of certain stablecoins. By the stroke of midnight on March 31, 2025, the stablecoin dynasty of USDT and its kin will fall, banished from the European Economic Area (EEA) due to their non-compliance with the almighty MiCA regulation. Aha, the EU’s MiCA framework, with its eyes gleaming for transparency and financial security, has spoken!
Stablecoins Meet Their Doom
Behold, the list of vanquished stablecoins, soon to be mere memories in the EEA:
- Tether (USDT) – The once mighty, now fallen.
- Dai (DAI) – A digital David, brought down by Goliath’s rules.
- First Digital USD (FDUSD) – First in line for delisting, last in line for MiCA’s grace.
- TrueUSD (TUSD) – True to its name, but not to MiCA’s heart.
- Paxos Gold (PAXG) – Gold can’t buy MiCA’s love.
- USDP – The ‘P’ now stands for ‘Please delist me.’
- AEUR – Euro aspirations, MiCA realities.
- UST – Unstoppable, until MiCA said, “Stop.”
- USTC – The ‘C’ is for ‘Compliance,’ which it lacks.
Meanwhile, the MiCA darlings, USD Coin (USDC) and Eurite (EURI), bask in the glow of Binance’s continued support. Lucky them!
The Clock Ticks for Delisting
EEA dwellers, you have until the fated hour—March 31, 2025, at 23:59 UTC—to trade these stablecoins. After the clock strikes twelve, all will be lost, and pending spot orders will vanish like a magician’s rabbit. 🎩✨
But fear not, ye holders of delisted coins! You can still hold, deposit, and withdraw them. Just don’t expect to trade them on Binance. It’s like having a shiny car with no engine. 🚗🚫
For margin trading enthusiasts, the party ends sooner—March 27, 2025, at 07:00 UTC. Binance will wave goodbye to non-compliant margin pairs, converting your assets to USDC at a rate that might make you laugh or cry. 🤑😭
Oh, and those pending margin orders? Poof! Gone. Binance suggests you convert your assets manually to avoid the heartache of liquidation. Better safe than sorry, eh?
In a bid to make the MiCA transition less painful, Binance is rolling out the red carpet for VIPs with zero fees on USDC pairs and a juicy $1 million USDC giveaway. Because who doesn’t love free money? 🤑💰
And if you’re into earning interest, Binance Earn is here to make your wallet smile with boosted rates on USDC and EURI deposits. Cha-ching! 💸
Binance, ever the cunning fox, is playing by MiCA’s rules to secure that elusive EU license. But Tether’s CEO, Paolo Ardoino, is not amused. He’s worried about parking stablecoin reserves in EU banks, where deposits over €100,000 might as well be a game of Russian roulette. 🎯🤑
Binance advises EEA users to switch to MiCA-compliant coins before the deadline. Ignore the advice at your own peril, for after March 31, non-MiCA stablecoins will be as welcome as a skunk at a garden party. 🦨🎉
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2025-03-03 15:18