Blab Crypto
Binance to Delist Pax Dollar (USDP) Spot Trading on September 24, 2026
Binance announced on September 10, 2026 that it will remove all spot trading pairs for the Pax Dollar (USDP) stablecoin effective 03:00 UTC on September 24, 2026. The move will also terminate related services, including Trading Bots, Spot Copy Trading, Convert, and Binance Pay, and will affect margin trading and deposit/withdrawal policies.
USDP is a U.S. dollar‑backed stablecoin issued by Paxos Trust Company, a New York‑based blockchain infrastructure firm. The token is regulated under a New York Department of Financial Services (NYDFS) limited‑purpose trust charter and is subject to monthly attestations by independent auditors. Paxos has issued several other stablecoins, including PayPal USD (PYUSD) and Global Dollar (USDG).
According to Binance’s official announcement, the exchange will delete all spot trading pairs for USDP at 03:00 UTC on September 24. After the trading halt, all open orders for the affected pairs will be automatically cancelled and the token’s valuation will no longer appear in user accounts. Users who have selected “Hide Small Balances” in any account will need to disable that setting to see remaining USDP holdings.
The delisting will also impact several Binance products:
* Trading Bots – Binance will terminate bot services for USDP spot pairs at the same time as the trading halt. Users are urged to update or cancel bots before 03:00 UTC on September 24 to avoid unintended trades.
* Spot Copy Trading – The service will remove USDP pairs on 17 September 2026 at 03:00 UTC. Outstanding assets in copy‑trading portfolios will be forced‑sold at market price or moved to the user’s Spot Account if they cannot be sold.
* Margin Trading – Cross, isolated, and portfolio margin pairs involving USDP will be removed on 16 September 2026 at 10:00 UTC. Borrowing of USDP on margin will be suspended on 11 September 2026 at 06:00 UTC. At the scheduled delisting time, Binance will close users’ margin positions, settle automatically, and cancel pending orders. Users who hold collateral and liabilities in USDP on margin will see their collateral used to repay liabilities.
* Convert – Binance Convert will delist USDP and all associated pairs on 24 September 2026 at 02:00 UTC.
* Convert Low‑Value Assets – The low‑value‑assets service will remove USDP on 23 September 2026 at 02:00 UTC.
* Binance Pay – The payment service will cease support for USDP on 16 September 2026 at 03:00 UTC.
Deposits of USDP will no longer be credited to user accounts after 25 September 2026 at 03:00 UTC. Withdrawals of USDP from Binance will not be supported after 24 November 2026 at 03:00 UTC. After 25 November 2026 at 03:00 UTC, Binance will offer to convert delisted tokens into other stablecoins on behalf of users.
The announcement follows a broader trend of exchanges tightening stablecoin listings amid regulatory scrutiny. Paxos has maintained a high level of transparency, publishing monthly reserve attestations and operating under a NYDFS charter that requires strict custody and reporting standards.
Binance’s decision to delist USDP does not appear to be linked to any regulatory action against Paxos. Instead, the exchange cited a “recent review” of its product lineup as the reason for the removal. The company has previously adjusted its stablecoin offerings in response to market conditions and compliance requirements.
For users holding USDP on Binance, the key dates are:
17 Sep 2026 – Spot Copy Trading delisting; cancel or update copy‑trading portfolios. 16 Sep 2026 – Margin delisting and Binance Pay removal. 11 Sep 2026 – Margin borrowing suspension. 24 Sep 2026 – Spot trading halt, bot termination, Convert and Convert Low‑Value Assets delisting. 25 Sep 2026 – Deposit stop. 24 Nov 2026 – Withdrawal stop. * 25 Nov 2026 – Conversion to other stablecoins.
Binance has advised users to review their holdings and take action before the relevant deadlines. The exchange’s support center provides guidance on how to cancel bots, close margin positions, and withdraw or convert USDP.
The delisting of USDP on Binance will reduce the token’s liquidity on the world’s largest exchange, potentially impacting its market depth and price stability. However, USDP remains listed on other exchanges, and its regulatory framework continues to be maintained by Paxos.
As of the announcement, no court proceedings or regulatory investigations involving USDP have been reported. The decision appears to be an internal policy change rather than a response to external legal pressure.
In summary, Binance will remove USDP from all spot trading pairs on September 24, 2026, and will discontinue related services across its platform. Users must act before the specified dates to avoid forced liquidations or loss of access to their USDP holdings.
USDP is a U.S. dollar‑backed stablecoin issued by Paxos Trust Company, a New York‑based blockchain infrastructure firm. The token is regulated under a New York Department of Financial Services (NYDFS) limited‑purpose trust charter and is subject to monthly attestations by independent auditors. Paxos has issued several other stablecoins, including PayPal USD (PYUSD) and Global Dollar (USDG).
According to Binance’s official announcement, the exchange will delete all spot trading pairs for USDP at 03:00 UTC on September 24. After the trading halt, all open orders for the affected pairs will be automatically cancelled and the token’s valuation will no longer appear in user accounts. Users who have selected “Hide Small Balances” in any account will need to disable that setting to see remaining USDP holdings.
The delisting will also impact several Binance products:
* Trading Bots – Binance will terminate bot services for USDP spot pairs at the same time as the trading halt. Users are urged to update or cancel bots before 03:00 UTC on September 24 to avoid unintended trades.
* Spot Copy Trading – The service will remove USDP pairs on 17 September 2026 at 03:00 UTC. Outstanding assets in copy‑trading portfolios will be forced‑sold at market price or moved to the user’s Spot Account if they cannot be sold.
* Margin Trading – Cross, isolated, and portfolio margin pairs involving USDP will be removed on 16 September 2026 at 10:00 UTC. Borrowing of USDP on margin will be suspended on 11 September 2026 at 06:00 UTC. At the scheduled delisting time, Binance will close users’ margin positions, settle automatically, and cancel pending orders. Users who hold collateral and liabilities in USDP on margin will see their collateral used to repay liabilities.
* Convert – Binance Convert will delist USDP and all associated pairs on 24 September 2026 at 02:00 UTC.
* Convert Low‑Value Assets – The low‑value‑assets service will remove USDP on 23 September 2026 at 02:00 UTC.
* Binance Pay – The payment service will cease support for USDP on 16 September 2026 at 03:00 UTC.
Deposits of USDP will no longer be credited to user accounts after 25 September 2026 at 03:00 UTC. Withdrawals of USDP from Binance will not be supported after 24 November 2026 at 03:00 UTC. After 25 November 2026 at 03:00 UTC, Binance will offer to convert delisted tokens into other stablecoins on behalf of users.
The announcement follows a broader trend of exchanges tightening stablecoin listings amid regulatory scrutiny. Paxos has maintained a high level of transparency, publishing monthly reserve attestations and operating under a NYDFS charter that requires strict custody and reporting standards.
Binance’s decision to delist USDP does not appear to be linked to any regulatory action against Paxos. Instead, the exchange cited a “recent review” of its product lineup as the reason for the removal. The company has previously adjusted its stablecoin offerings in response to market conditions and compliance requirements.
For users holding USDP on Binance, the key dates are:
17 Sep 2026 – Spot Copy Trading delisting; cancel or update copy‑trading portfolios. 16 Sep 2026 – Margin delisting and Binance Pay removal. 11 Sep 2026 – Margin borrowing suspension. 24 Sep 2026 – Spot trading halt, bot termination, Convert and Convert Low‑Value Assets delisting. 25 Sep 2026 – Deposit stop. 24 Nov 2026 – Withdrawal stop. * 25 Nov 2026 – Conversion to other stablecoins.
Binance has advised users to review their holdings and take action before the relevant deadlines. The exchange’s support center provides guidance on how to cancel bots, close margin positions, and withdraw or convert USDP.
The delisting of USDP on Binance will reduce the token’s liquidity on the world’s largest exchange, potentially impacting its market depth and price stability. However, USDP remains listed on other exchanges, and its regulatory framework continues to be maintained by Paxos.
As of the announcement, no court proceedings or regulatory investigations involving USDP have been reported. The decision appears to be an internal policy change rather than a response to external legal pressure.
In summary, Binance will remove USDP from all spot trading pairs on September 24, 2026, and will discontinue related services across its platform. Users must act before the specified dates to avoid forced liquidations or loss of access to their USDP holdings.
