Summary

• Binance will delist Pax Dollar on September 24, ending USDP spot trading and automatically cancelling outstanding orders across affected pairs.
• Margin, Simple Earn, deposit, and withdrawal support will end separately, requiring holders to follow each service’s scheduled cutoff date carefully.
• Binance’s removal may reduce USDP liquidity and accessibility, although Paxos has not withdrawn issuer support or changed its dollar backing.

Binance will remove Pax Dollar from its platform because the stablecoin no longer meets the exchange’s listing requirements. According to Binance, all USDP spot trading pairs will stop trading on September 24, 2026, at 03:00 UTC.

The exchange will automatically cancel every outstanding spot order once trading ends, preventing further transactions involving the affected pairs. Binance reached the decision through its periodic review process, which examines whether listed assets maintain acceptable operational and market standards.

However, the exchange did not identify any single violation or incident responsible for USDP’s removal. Its reviews consider trading volume, liquidity, development activity, network security, project transparency, tokenomics, legal compliance, and community sentiment.

USDP is a dollar-pegged stablecoin issued by Paxos, a regulated blockchain and financial infrastructure company. The asset has traditionally served as a regulated alternative within a market dominated by larger stablecoins, including USDT and USDC.

Consequently, Binance’s decision represents a platform-level assessment rather than confirmation that USDP has lost its dollar backing. Paxos has not announced that it will stop supporting the stablecoin or suspend its established redemption arrangements.

Also Read: XRP 100 EMA Becomes Key Test as Analyst Maps Possible Final Dip

Binance Sets Separate Deadlines Across Several Services

Binance will remove USDP from multiple services through a phased schedule extending beyond the planned spot trading termination. The platform will stop supporting the asset through its Buy and Sell Crypto service before completing the broader delisting process.

Moreover, Binance Margin will remove USDP as eligible collateral on September 11 at 06:00 UTC. Customers holding margin exposure should review their accounts and transfer relevant balances before Binance begins its scheduled settlement procedures.

Simple Earn support will end on September 17, with remaining positions automatically redeemed and transferred into users’ Spot Accounts. Additionally, Binance will stop crediting USDP deposits on September 25 at 03:00 UTC.

Tokens deposited beyond that cutoff may not reach customer accounts, making careful attention to the schedule essential. Standard withdrawals will remain available until November 24 at 03:00 UTC, providing holders time to relocate their USDP.

From November 25, Binance may convert remaining balances into other stablecoins, although the exchange has not guaranteed conversion. Users could retain withdrawal access when conversion remains unavailable, depending on network conditions and technical availability.

Delisting Could Reduce USDP Market Accessibility

Losing Binance support could reduce USDP’s market accessibility because major exchanges provide liquidity and convenient conversion routes. Stablecoins depend heavily on broad exchange availability, dependable redemption channels, market depth, and integrations across financial services.

Therefore, the removal could push more trading activity toward dominant alternatives such as Tether’s USDT and Circle’s USDC. Nevertheless, the delisting does not establish that Paxos lacks reserves or that USDP no longer maintains its intended peg. Binance users holding USDP should review every deadline because each affected service will stop supporting the stablecoin at different times.

Also Read: Trezor Email Provider Breach Lets Phishing Attack Pass Security Checks