⚠️ Buying, selling and converting USDT is no longer available. ⚠️
At Finary, we place the highest importance on regulatory compliance to provide you with a secure investment experience that aligns with the evolving legal framework in Europe.
As part of the MiCA (Markets in Crypto-Assets) regulation, certain changes will impact the trading and holding of USDT on Finary.
Why is USDT no longer available?
The MiCA regulation, which aims to regulate crypto assets within the European Union, imposes new rules on stablecoins. As a result, Bitstamp, our partner, no longer offers USDT trading in Europe as of January 31, 2025.
Key Dates to Remember
January 31, 2025 → USDT is no longer be available for trading on Finary.
April 14 -> Lending will be disabled for USDT. Lent USDT will be unlent and any accrued rewards credited.
May 5 → Deposits and withdrawals of USDT are disabled.
Between May 6 and May 8: → Any remaining USDT balance are automatically converted into USDC.
What should I do if I hold USDT on Finary?
If you hold USDT via Finary, you have the following options before these deadlines:
Withdraw your USDT before May 5
Do nothing and let Bitstamp automatically convert your USDT into USDC between May 6-8.
ℹ️ Yield program
If you lent your USDT through our yield program, no worries. You can wait until the month of May. They will be automatically withdrawn from the program and converted by Bitstamp without any action required from you.
What happens if I don’t take any action?
If you do not convert or withdraw your USDT before these dates:
As of May 8, 2025, your remaining USDT balance will be automatically converted into USDC.
The conversion will take place at the market rate on that date.
How can I withdraw my USDT?
To withdraw your USDT → Follow the withdrawal instructions in your account before May 5
Which stablecoin will replace USDT?
The stablecoin used for the automatic conversion will be USDC.