Binance Delists Pax Dollar Amidst Liquidity Concerns

Binance is removing Pax Dollar (USDP), a stablecoin issued by Paxos, from its platform due to its failure to meet certain requirements. The exchange cited low trading volume and liquidity as some of the factors that led to this decision. Binance has announced that it will delist USDP on September 24, 2026, at 03:00 UTC, canceling all spot orders in place.

The removal of USDP from Binance's platform will also affect other areas of the exchange. On September 11, 2026, at 06:00 UTC, Binance Margin will delist USDP, and users will no longer be able to make deposits after September 25, 2026, at 03:00 UTC. Withdrawals are still available until November 24, 2026, at 03:00 UTC.

After November 25, 2026, Binance may convert any remaining USDP balances into other stablecoins, but this is not guaranteed and depends on network conditions.