Binance Folds in Mida: Great cleaning of stablecoins begins

Europe, the undisputed champion of regulatory paperwork, has a nice gloss with Mica, this legal framework for tailor -made -tamed digital assets. If some stablecoins were dubbed, others did not have this chance, starting with the famous USDT de Tether. And for binance users in the European Economic Area (EEE), the note promises to be salted: The giant cryptos is being prepared to draw a line on nine stablecoins from March 31.

Binance is forced to sort

The medal is chisel for cryptocurrency and binance sees each other forced to make several stabnekoinIncluding USDT, DAI and FDUSD. End up incomparable trade couples, but do not panic, the holders of these tokens will always be able to Convert them using Binance Convention.

The announcement results in electroshococo, especially on X, where Michel S. handed over information:

“All our EU clients: we make changes in the availability of stablecoins that do not comply with the Mica in EHE to meet the regulatory requirements. »»

In other words, Binance had no choice.

In detail here What will change ::

• Deleting pairs of crypto trading is not in accordance with Mica from 31 March 2025;
• Automatic conversion of some stablecoins to USDC from March 27 for margin accounts;
• Maintaining uncomprehensible stable ties, but the inability to trade.

But in addition to simple technical adjustments, the question arises: binance, BNB transmitter, he manages to get out its regulatory sesame In Europe until 2025?

Crypto regulation that refutes cards

The whole crypto industry is trembling behind this large cleaning. Mica now imposes strict rules for stablecoins reserves, a restriction that has not escaped to observers like Midas:

“Stablecoins are supposed to be” safe “and” stable “. But under the surface they introduced the existing risks that many neglected. »»

The person in question? An economic model that favored Revenue at the expense of stability. By finding profits, some Stablecoins issuers have invested their reserves in risk assets.

Result: cryptos to be stable are exposed to market fluctuations.

The application of SIDA thus challenges the entire ecosystem of the stablecoin, force players in this industry to see their strategy. Some, like a USDC circle, use this new agreement to establish themselves as compatible leaders. Others, such as Tether, must juggle with more drastic regulatory modifications.

The consequences could be difficult: A decrease in the diversity of stablecoinsmarket concentration and potential increase in costs for users.

SIDA therefore changes the situation and forces the stock exchange to review their copy. Binance is not the only one to adapt: ​​OKX, Crypto.com and Bybity have already taken the lead. By tightening the screw, Europe hopes to establish itself as a model in terms of crypto regulation. But will this strategy suffice to prevent crisis?

Mikaia A.

Blockchain and crypto revolution! And the day when the impacts will be felt on the most vulnerable economy of this world, I would say against all the promises that I was there for something

Renunciation

The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.