Binance Delisting: $100 Million FDV USD Stablecoin Removed
Following its most recent periodic review, Binance is getting ready to remove Pax Dollar (USDP) from its platform because the stablecoin did not meet the exchanges requirements. All USDP spot trading pairs will stop trading on September 24, 2026, at 03:00 UTC, according to Binance. Spot orders are being cancelled Spot orders that are already in place will be automatically canceled after trading stops. The decision is noteworthy because USDP, a dollar-pegged stablecoin issued by Paxos, has traditionally functioned as one of the stablecoin industrys regulated alternatives. Souce: CoinMarketCap Binance did not pinpoint a single infraction that led to the ruling. Rather, the exchange restated the factors it considers when reviewing listings, such as trading volume and liquidity, development activity, network security, legal requirements, transparency of projects, tokenomics, and community sentiment. The removal will go far beyond trading on the spot market. On September 11, at 06:00 UTC, Binance Margin is set to delist USDP; however, Binance Buy and Sell Crypto will cease to support the asset a few hours earlier. The remaining positions will be automatically redeemed and moved to users Spot Accounts after Simple Earn support expires on September 17. Withdrawals and deposits are the most crucial deadlines. Standard withdrawals are still accessible until









