⚠️ 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, will no longer be able to offer USDT trading in Europe as of January 31, 2025.
Key Dates to Remember
January 31, 2025 → USDT will no longer be available for trading on Finary.
March 24, 2025 → Deposits and withdrawals of USDT will be disabled.
March 31, 2025 → Any remaining USDT balance will be automatically converted into a MiCA-compliant, USD-backed stablecoin.
What should I do if I hold USDT on Finary?
If you hold USDT via Finary, you have the following options before these deadlines:
Convert your USDT into another asset before January 31, 2025.
Withdraw your USDT before March 24, 2025.
Do nothing and let Bitstamp automatically convert your USDT into a MiCA-compliant stablecoin on March 31, 2025.
ℹ️ Yield program
If you lent your USDT through our yield program, no worries. You can wait until the end of March. They will be automatically withdrawn from the program and converted by Bitstamp without any action required from you.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 March 31, 2025, your remaining USDT balance will be automatically converted into a MiCA-compliant stablecoin.
The conversion will take place at the market rate on that date.
How can I convert or withdraw my USDT?
You can manage your USDT directly from the Finary app:
To convert your USDT → Go to your portfolio, select USDT, and choose another asset.
To withdraw your USDT → Follow the withdrawal instructions in your account before March 24, 2025.
Which stablecoin will replace USDT?
The stablecoin used for the automatic conversion will be MiCA-compliant and USD-backed. We will provide further details as soon as Bitstamp confirms the exact asset.