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

Dear Binanciens, Dear Binanciens,

On 07/01/2024, Circle announced that it had received approval to issue USDC as a MiCA-compliant electronic money token (“EMT”), making USDC the first major regulated stablecoin in the 'EEE. 

This means that USDC will remain available across most of Binance’s product offerings, such as, but not limited to: 

  • Convert

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

  • Earn 

    • USDC subscriptions in Earn products, such as Simple Earn, Cloud Mining and Web3 Wallet Earn, including all automatic subscription features, remain available.

  • Binance Loans and VIP Loans

    • It is still possible to apply for a loan in USDC. 

    • It is still possible to use USDC as collateral for these products. 

  • Referral commission/discount, rewards 

    • Referral commissions or discounts for Spot and Margin trading will be paid in USDC.

    • Most rewards on the platform, for example in the Rewards Space and those from campaigns, will be converted to USDC unless the campaign terms and conditions state that other tokens can be issued. 

  • Buy cryptocurrencies with fiat currencies

    • Purchasing USDC with fiat currencies and by credit card from the “Buy Crypto” page remains available. All ongoing recurring purchase plans of unregulated stablecoins with local fiat currencies will be automatically converted to USDC.

  • Marge

    • Transferring USDC as margin collateral into the margin wallet remains available.

    • Borrowing USDC in Cross Margin, Isolated Margin, and Cross Margin Pro products remains available. 

  • Trading P2P 

    • P2P buying and selling of USDC remains available. 

Note: Spot trading of all stablecoins will remain available after 07/01/2024.

Binance will continue to treat unregulated stablecoins as described in the previous announcement. There will be no forced conversion. 

Do not hesitate to contact the Binance customer service agents for any questions or requests for additional information. Follow our news to not miss any future product launches and campaigns related to USDC on the Binance platform. 

....

Thank you for your support !

The Binance team

01/07/2024