๐ **USDC is Now MiCA-Compliant: Impact on Your Binance Account**
This update is specifically for users in the European Economic Area (EEA).
๐ **Effective Date:**
- **On 2024-07-01**, Circle announced the authorization of USDC as a MiCA-compliant e-money token (โEMTโ). This makes USDC the first major Regulated Stablecoin in the EEA.
๐ **What This Means for You:**
- **USDC will continue to be available across most of Binanceโs product offerings, including:**
๐ฑ **Convert:**
- **Buying and selling USDC on Convert remains available.**
- **Other stablecoins can be converted into USDC.**
๐ผ **Earn:**
- **Subscriptions of USDC on Earn Products (e.g., Simple Earn, Cloud Mining & Web3 Wallet Earn) remain available.**
- **Auto-Subscribe features remain available.**
๐ธ **Binance Loans & VIP Loans:**
- **USDC loan applications remain available.**
- **Using USDC as collateral remains available.**
๐ **Referral Commission/Rebate & Rewards:**
- **Referral commissions or rebates for Spot and Margin will be paid in USDC.**
- **Most rewards across the platform will be issued in USDC, unless specified otherwise in campaign terms and conditions.**
๐ณ **Buy Crypto with Fiat:**
- **Purchase USDC with fiat currency and credit card through the โBuy Cryptoโ page remains available.**
- **Ongoing recurring buy plans will transition to USDC.**
๐ **Margin:**
- **Transfer USDC as margin collateral into the Margin Wallet remains available.**
- **USDC borrowing across Cross Margin, Isolated Margin, and Cross Margin Pro products remains available.**
๐ **P2P Trading:**
- **Purchasing and selling USDC via P2P remains available.**
โ ๏ธ **Note:**
- **Spot trading for all stablecoins remains available after 2024-07-01.**
- **Binanceโs handling of unauthorized stablecoins remains unchanged, with no forced conversions.**
๐ **Stay updated and continue to enjoy seamless transactions with USDC on Binance!**
