In the European Union (EU), crypto assets (Micica) for the markets that are valid, the Binance European Economic Area (EEA) announced that it will change the accessibility of stablecoins that do not comply with the standards of Mica. In this context, beings such as USDT, FDUSD, TUSD, USDP, DAI, AEUR, Ust, Ustc and Paxg will be affected.
Mica Compliance and Alternatives for users
Binance, Mica -compatible stablecoin parities, USDC and EURI with the nominal money (EUR) parities will continue to be used, he said. Users are recommended to convert USDC, EUR or EUR as soon as possible. However, users will be able to keep hiding mica -compatible stablecoins and withdraw and deposit these assets at any time. Binance launched various promotions to facilitate the transition process of users:
- VIP 2-9 users in BNB/USDC, ETH/USDC and Left/USDC processing pairs and zero commissioned for spot liquidity providers.
- Discount for market receiver fees for USDC spot and margin trade couples.
- The opportunity to win a share of 1,000,000 USDC prize pool.
- Zero Processing Fee Promotion in EURI Processing Couples.
- APR up to 15 %with USDC simple earnings flexible products.
- APR opportunity up to 8.7 %of EURI flexible products.
As of March 31, 2025 TS 02:59, Binance will completely exclude the Spot process pairs of stablecoins that are not Mica -compatible for EEA users. Until this date, users will be able to process these assets in the spot market. However, after the specified date, this transaction will not be able to buy and sell over the pairs. Users will be able to sell the Mica -compatible stablecoins left by Binance Convert. In margin transactions, as of March 27, 2025, the margine trading pairs that are not compatible with Micine will be completely removed. In this process, Binance suggests that users convert their non -compatible stablecoin assets into USDC in margin accounts. As of the specified date:
- All remaining mica -compatible stablecoin assets and obligations will be automatically converted to USDC by Binance.
- Open orders will be canceled.
- The isolated margin positions will be closed and automatically liquidated.
Stablecoin conversion rates will be as follows:
- USDT and FDUSD: 1: 1 will be converted to USDC.
- USDP, DAI, AEUR, USTC and PAXG: March 27, 2025 will be converted based on the opening price.
