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Binance CEO <a href="https://cryptoslate.com/people/changpeng-zhao/" rel="noopener noreferrer nofollow">Changpeng Zhao</a> refuted reports that the exchange will delist stablecoins for its European users because of the forthcoming Markets in Crypto Assets (MiCA) regulations slated for next year. 
Earlier today, crypto media outlet CoinDesk reported that a Binance executive said the exchange could delist stablecoins in Europe because the upcoming regulations were yet to approve any stablecoin project. 
In response to the report, CZ <a href="https://x.com/cz_binance/status/1704843256276582459?s=20" rel="noopener noreferrer nofollow">stated</a> that the exchange’s executive response was taken out of context, adding that his platform has “a couple of partners launching EUR and other stablecoins, in fully compliant manners, of course.” 
Separately, Binance published a <a href="https://www.binance.com/en/blog/ecosystem/what-challenges-are-there-for-stablecoin-rules-under-mica-7591396370591705502" rel="noopener noreferrer nofollow">blog post</a> that it was “confident that there will be a constructive solution in place” before the deadline to avert an “impact on the European crypto market and the competitiveness of European crypto exchanges in a global market.” 
However, Binance conceded that the forthcoming MiCA regulations “would require all EU exchanges to delist stablecoins whose issuers do not have Electronic Money Institution (EMI) licenses.” 
<h2 class="s3" id="span-class-s2-binance-is-promoting-different-stablecoins-span">Binance is promoting different stablecoins</h2> 
Despite the regulatory grey zone surrounding stablecoins in Europe, Binance&nbsp;has been moving to introduce more stablecoins to its platform following the <a href="https://cryptoslate.com/the-sec-may-potentially-sue-paxos-over-binanceusd-wsj/" rel="noopener noreferrer nofollow">regulatory struggles</a> of Paxos-issued Binance USD (<a href="https://cryptoslate.com/coins/binance-usd/" rel="noopener noreferrer nofollow">BUSD</a>). 
Earlier in the year, Binance heavily pushed Justin Sun-linked TrueUSD before concerns began to arise about its <a href="https://cryptoslate.com/trueusd-maintains-it-has-no-exposure-to-prime-trust-despite-community-claims/" rel="noopener noreferrer nofollow">exposure</a> to the bankrupt crypto custodian platform Prime Trust in June. 
Since then, the CZ-led platform has <a href="https://cryptoslate.com/binance-nudges-users-towards-fdusd-as-it-gradually-phases-busd-out/" rel="noopener noreferrer nofollow">nudged</a> its users towards&nbsp;First Digital USD (<a href="https://cryptoslate.com/coins/first-digital-usd/" rel="noopener noreferrer nofollow">FDUSD</a>), a Hong Kong-licensed stablecoin created by First Digital Group. FDUSD enjoys several features designed to incentivize its usage on Binance. 
The post <a rel="noopener noreferrer nofollow" href="https://cryptoslate.com/binance-ceo-discusses-new-stablecoin-partnerships-amid-looming-mica-regulations/">Binance CEO discusses new stablecoin partnerships ahead of looming MiCA regulations</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptoslate.com">CryptoSlate</a>.

Binance CEO discusses new stablecoin partnerships ahead of looming MiCA regulations

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