Binance, a major cryptocurrency exchange, has announced the discontinuation of spot trading for several stablecoins in the European Economic Area (EEA). This action aligns with the Markets in Crypto-Assets Regulation (MiCA), new legislation designed to regulate digital assets in the region. 8 other stablecoins have also been affected by this decision. Binance provided users with a deadline of March 31st, after which non-compliant tokens will be removed from trading platforms. However, users can still hold and trade these stablecoins through perpetual contracts. Binance has instructed users to convert their holdings into MiCA-approved stablecoins like USDC or Eurite (EURI). In addition, Fiat trading options such as the euro remain readily available for users. 8 other stablecoin trading pairs have been impacted by this decision, including Dai (DAI), First Digital USD (FDUSD), TrueUSD (TUSD), Pax Dollar (USDP), Anchored Euro (AEUR), TerraUSD (UST), TerraClassicUSD (USTC), and PAX Gold.