This announcement only affects users in the European Economic Area (EEA).

Hello Binancian:

On July 1, 2024, Circle announced that it was authorized to issue USDC as an e-money token (“EMT”) under MiCA regulations, making USDC the first regulated major stablecoin in the EEA. 

This means that the USDC token will continue to be available on most Binance product offerings, including: 

  • Convert

    • Buying and selling USDC on Convert is still available. Other stablecoins can be converted to USDC. 

  • Earn 

    • USDC subscriptions on Earn products such as Simple Earn, cloud mining, and Earn's Web3 wallet, including the Auto Subscription feature, remain available.

  • Binance Loans and VIP loans

    • USDC loan applications are still available. 

    • The use of USDC as collateral for these products is still available. 

  • Rewards, discounts and referral commissions 

    • Discounts or referral commissions for Spot and Margin will be paid in USDC.

    • Most rewards on the platform, for example from the Rewards Zone and campaigns, will be changed to USDC, unless it is specified that other tokens could be issued in the terms and conditions of the campaigns. 

  • Buying cryptocurrencies with fiat money

    • Purchasing USDC with fiat and credit card via the "Buy Crypto" page is still available. All ongoing and configured recurring purchase plans from local fiat currencies to unregulated stablecoins will be automatically transferred to USDC.

  • Margin

    • Transferring USDC as margin collateral into Margin wallets remains available.

    • USDC loans on Cross Margin, Isolated Margin, and Cross Margin Pro products remain available. 

  • P2P Commerce 

    • Buying and selling USDC through P2P trading is still available. 

Please note that Spot trading for all stablecoins will be available after July 1, 2024.

Binance's treatment of unauthorized stablecoins remains the same as mentioned in the previous announcement. There will be no forced conversions. 

For inquiries and additional information, you can contact Binance Customer Service agents. Stay alert for upcoming campaigns and product launches with USDC on the Binance platform. 

Thanks for your support!

The Binance Team

1/7/2024