Binance to Delist Non-MiCA Stablecoins in EEA by March 31

• Binance will remove all non-MiCA stablecoin trading pairs in the EEA by March 31, urging users to switch to compliant alternatives.
• US users regain dollar trading on Binance US, while Nigeria sues Binance for $79.5 billion over alleged economic damages and unpaid taxes.

Beginning March 31, 2025, Binance will delist all stablecoin trading pairs that are not compliant with the European Economic Area’s Markets in Crypto-Assets (MiCA) law.

Among the stablecoins impacted are USDT, FDUSD, TUSD, USDP, DAI, AEur, UST, USTC, and PAXG. Nowadays, users in the area are advised to change to MiCA-compliant solutions such as USDC, EURI, or directly using the euro (EUR).

Binance’s Move Aligns with EU Compliance

Given the European Union’s progressively strict control of stablecoins, this action is not wholly unexpected. Stablecoins in use must, according to MiCA, have more than 60% of their reserves in certified banks with e-money licenses. Some stablecoins that used to rule the market now find this control to be a hurdle. One among those impacted is Tether (USDT), the biggest stablecoin available worldwide.

Its issuing company has not yet fulfilled the criteria established, which has resulted in some significant European crypto exchanges pulling support for it offline.

Besides that, other platforms like Kraken and Crypto.com have also followed similar actions to guarantee adherence to European rules. Now most EEA crypto consumers have two options: either leave the stablecoin market completely or transfer their money into a compliant stablecoin.

US Customers Regain Access to Dollar Trades

On the other hand, different news is emanating from the United States. Following over a year of restrictions, CNF reports that Binance US has at last reopened its US dollar trading operations to its clients.

On the platform, users may purchase, sell, convert, and trade more than 160 different kinds of cryptocurrencies. This decision is a welcome relief for US customers who faced restrictions due to regulatory pressure on Binance US.

The action represents a turning point for Binance in the US market, which had earlier run against several legal difficulties. Reopening US dollar trading would help Binance US establish more presence among the growing number of crypto exchanges running in the US in view of the rivalry among them.

Binance Faces Legal Battle in Nigeria

Binance is under pressure from other regions of the world in the meantime. Seeking $79.5 billion in claimed economic damages and another $2 billion in unpaid taxes over the past two years, the Nigerian government has sued Binance.

The case coincides with Nigeria’s crackdown on the cryptocurrency sector, under more examination the last year. Binance itself rejects four allegations of tax evasion that it itself faces. Two Binance executives were arrested in 2024 after local authorities even connected some of Nigeria’s monetary woes to the actions of the company.

The scenario shows how Binance must cope with various regulations in different areas. While in the US they were able to reopen under political pressure, in Europe they had to modify their policies to fit MiCA. In Nigeria, the problem is more complicated since it combines the economic stability of the nation with tax concerns.