Earlier today, Binance, a leading cryptocurrency exchange, announced its decision to delist nine stablecoins in the European Economic Area by March 31 to adhere to the Markets in Crypto-Assets Regulation (MiCA). Among these, notable stablecoins such as Tether’s USDT and Dai will no longer be available. However, Binance assured that affected users could sell these stablecoins through Binance Convert and that the exchange will continue to provide custody for these assets. Users are encouraged to convert to MiCA-compliant stablecoins like USDC, Eurite, or fiat currencies such as the euro.
Meanwhile, Bitcoin experienced a dip in market dominance, falling below 50% following an announcement by United States President Donald Trump regarding the establishment of a US Crypto Strategic Reserve. The initial statement outlined the inclusion of digital assets like XRP, Solana, and Cardano. Despite initially omitting Bitcoin and Ether, Trump later confirmed their inclusion as central to the reserve. The announcement spurred significant market activity, with Bitcoin rising to over $94,000, and other cryptocurrencies like Cardano and XRP seeing considerable gains. The move signals a shift in strategy aimed at promoting the crypto industry in the US amidst previous administrative challenges.
