Bye Bye Europe: As Binance’s Official Stopped Its USDT Trading in the EEA Region

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Apr 01 2025

Should l Buy PYUSD?

Binance Delists Stablecoins: Binance has ceased spot trading for USDT and eight other stablecoins in the European Economic Area to comply with the new Markets in Crypto-Assets Regulation (MiCA), effective March 31. Users can still trade these stablecoins through perpetual contracts and are encouraged to convert to MiCA-compliant options.
Market Impact and Other Exchanges: The removal of USDT may hinder market liquidity in Europe, raising concerns among investors about alternative stablecoins' reliability. Following Binance, exchanges like Kraken and Coinbase have also delisted USDT and other stablecoins to align with regulatory changes.

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Technical Analysis for PYUSD

Technical Sentiment Analysis for PayPal USD (PYUSD) As of , PayPal USD (PYUSD) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 4 indicators are flashing buy, while 1 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for PYUSD stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, PYUSD is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

PayPal USD (PYUSD) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.996	0.998	0.999	1	1.002	1.003	1.004
Fibonacci	0.998	0.999	0.999	1	1.001	1.002	1.003

About PYUSD

PayPal USD is designed to contribute to the opportunity stablecoins offer for payments and is 100% backed by U.S. dollar deposits, short-term U.S Treasuries and similar cash equivalents. PayPal USD is redeemable 1:1 for U.S. dollars and is issued by Paxos Trust Company.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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