Today in crypto, Binance announced it will delist nine stablecoins, including USDT and DAI, in Europe on March 31 to comply with MiCA regulations, and United States President Donald Trump announced several assets are set to be included in the US strategic crypto reserve, pushing down Bitcoin dominance below 50%.
Binance to delist non-MiCA compliant stablecoins in Europe on March 31
Cryptocurrency exchange Binance will delist several stablecoins in the European Economic Area (EEA) to comply with the Markets in Crypto-Assets Regulation (MiCA).
On March 31, Binance will delist spot pairs for users in the EEA, with nine stablecoins, including Tether’s USDt (USDT) and Dai (DAI), to be removed to comply with Europe’s MiCA regulations, the exchange announced on March 3.
Still, affected users will still be able to sell their non-MiCA-compliant stablecoins using Binance Convert, the company said.
MiCA-compliant stablecoins, such as Circle-issued stablecoins, USDC (USDC) and Eurite (EURI), will remain available and unchanged, Binance said.
The exchange is encouraging EEA users to convert non-MiCA-compliant stablecoins into alternatives such as USDC, EURI, or fiat currencies like the euro. However, Binance will continue to support custody for affected stablecoins.
“Custody of non-MiCA-compliant stablecoins will continue, and you will be able to withdraw or deposit non-MiCA-compliant stablecoins at any time,” the announcement noted.
An excerpt from Binance’s announcement of delisting non-MiCA-compliant stablecoins. Source: Binance
Bitcoin dominance falls under 50% as Trump announces crypto reserve plan
Bitcoin dominance slipped from 55.4% to below 50% in the hours after US President Donald Trump initially announced the country would include XRP, Solana and Cardano in its “Crypto Strategic Reserve.”
Trump later confirmed on Truth Social that Bitcoin (BTC) — and also Ether (ETH) — would be “at the heart of the reserve.”
Bitcoin’s dominance has slipped to 49.6% as the likes of Cardano (ADA) and XRP (XRP) increased 60.3% and 34.7%, respectively, over the last 24 hours.
Solana (SOL) and Ether are also up 25.5% and 13.1% over the same timeframe, while other altcoins that weren’t explicitly mentioned in Trump’s post have also gained. Bitcoin rose only 10% to $94,220.
Trump discloses assets to be included in strategic reserve
United States President Trump announced several assets will be included in the US crypto reserve, including Bitcoin (BTC), Ether (ETH), Solana (SOL), Cardano’s ADA (ADA), and XRP (XRP).
“A US Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration,” the President wrote in a March 2 Truth Social post.
Source: Donald J. Trump
The President initially forgot to mention BTC and ETH but later amended his post, explaining that he loved these assets and that BTC and ETH would comprise the “heart of the reserve.”
Crypto markets rallied significantly following the announcement, with ADA shooting up by approximately 36%, BTC rallying to over $94,000, XRP surging by over 24%, SOL hitting $175 after falling to lows of around $125 during the recent market downturn, and ETH rallying by more than 11%.
