Binance Delists Pax Dollar (USDP) Due to Failing Listing Standards

Binance has announced that it will delist Pax Dollar (USDP), a dollar-pegged stablecoin issued by Paxos, citing that the token no longer meets its listing standards.

The exchange's periodic review process evaluates factors such as trading activity, liquidity, development progress, network security, project transparency, tokenomics, legal and regulatory compliance, and community sentiment.

Binance will stop supporting USDP across its services on different dates. Margin collateral support for the stablecoin ends first, followed by Simple Earn, spot trading, deposits, and withdrawals.