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Binance plans to delist Tether's USDT to EU-based customers to comply with MiCA. European users will still be able to withdraw assets until midnight on March 31.

McWilliams will guide Tether toward greater transparency while longtime CFO Devasini transitions to Chairman. The stablecoin issuer holds over $113 billion in US debt but faces criticism over audit practices.

EU customers can convert their holding MiCA-compliant alternatives like USDC ahead of deadline.

Tether named Simon McWilliams as its new chief financial officer, aiming to enhance transparency and move towards a full financial audit.

Tether, Inc. hired Simon McWilliams as its new CFO, shifting Giancarlo Devasini into the role of Chairman for macro strategies.

TL;DR Giancarlo Devasini, CFO and controlling shareholder of Tether, will transition into the role of Chairman of the company. Simon McWilliams has been appointed the new CFO to lead the transition towards a full financial audit of the company.

The stablecoin issuer said it is making a "firm commitment" to completing a full audit following the appointment.

Binance will delist several stablecoins in the European Economic Area (EEA) to align with the Markets in Crypto-Assets Regulation (MiCA). The exchange will remove spot trading pairs for EEA users, affecting nine stablecoins, including Tether's USDT and Dai.

Tether has reaffirmed its commitment to transparency by pledging to complete a “full audit” following the appointment of Simon McWilliams as its new Chief Financial Officer (CFO).

Tether has hired a chief financial officer to tackle lingering audit concerns.

This change will involve assets such as USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG.

Binance announced plans to delist all non-MiCA compliant stablecoins for European Economic Area users by March 31, 2025, directing customers to switch to compliant alternatives like USDC and EURI.

The stablecoin giant is moving toward a comprehensive financial audit as it expands its global operations

TL;DR Binance Delisting: Binance will delist several non-MiCA-compliant stablecoins (including USDT, DAI, TUSD, and USDP) in the EEA by March 31 to comply with EU MiCA regulations. Service Impact: Spot and margin trading pairs involving these stablecoins will be restricted, with limited effects on holding, conversion, and withdrawals.

Crypto firm Tether has appointed Simon McWilliams its new chief financial officer, the company said on Monday.

The news of Tether's delisting comes as the firm appoints a new CFO in a “historic step” towards a full financial audit.

Binance will delist trading pairs for nine stablecoins in the European Economic Area (EEA) by March 31, according to a March 3 statement. According to the exchange, this decision aligns with its efforts to comply with the European Union's Markets in Crypto-Assets (MiCA) framework, which introduces stricter regulations for digital assets.

The move, set to take effect on March 31, will impact nine stablecoins, including Tether (USDT), First Digital USD (FDUSD) and Dai (DAI).

Binance, one of the world's largest cryptocurrency exchanges, has announced plans to delist nine stablecoins in Europe by March 31 to comply with new European Union regulations. While users in the EEA will no longer be able to trade these stablecoins, Binance will continue to offer custody and conversion services.

Tether CEO Paolo Ardoino explained that the concept involves the installation of solar-powered kiosks in Africa to recharge batteries, with payments made through a monthly subscription in bitcoin, USDT, or local currency.

The XRP token beat Tether to claim the title of the third-largest crypto after Bitcoin and Ethereum.

Tron (TRX) is demonstrating its status as a dominant force in the realm of altcoin transactions. The network has established itself as one of the busiest blockchain networks by capturing a significant 42% proportion of all altcoin transactions.

Tether's USDT has achieved the fastest deployment of a stablecoin on any blockchain, reaching $1.4 billion issued on TON in just ten months. This is according to data by Artemis and Ournetwork.

LATAM continues to expand in terms of the cryptocurrency scene. This week's highlights included the Avalanche Foundation introducing the Avalanche Card, a credit card for users in Latin America and the United States.