Binance will delist Pax Dollar (USDP) and remove all associated spot trading pairs on September 24, 2026, as part of its periodic review of listed digital assets. Spot trading for USDP will cease at 03:00 UTC, ending one of the stablecoin’s major exchange distribution channels while leaving users time to withdraw their holdings.
According to Binance’s official delisting announcement, the exchange evaluates factors including trading volume, liquidity, development activity, network security, regulatory requirements and responsiveness to due-diligence requests. Binance did not identify a single specific reason for removing USDP, instead presenting the decision as the outcome of its standard asset-review process.
Binance Winds Down USDP Services
The withdrawal extends beyond spot trading. Binance Margin will remove USDP on September 11, Binance Pay will stop supporting it on September 16 and Simple Earn will delist the stablecoin on September 17. Several USDP-related products are being phased out before the main September 24 spot deadline, requiring users with positions across different services to follow separate timelines.
Binance Convert will remove USDP at 02:00 UTC on September 24, one hour before spot trading ends, while outstanding spot orders will be cancelled when trading ceases. Deposits sent after September 25 at 03:00 UTC will no longer be credited, further reducing the stablecoin’s functionality on the platform after the delisting.
Withdrawals will remain supported considerably longer, until November 24 at 03:00 UTC. Binance said remaining USDP could potentially be converted into other stablecoins after November 25, although such conversion is not guaranteed. Users therefore retain a withdrawal window of roughly two months after spot trading ends, reducing the need for an immediate forced exit.
USDP Remains Separate From Binance Delisting
The announcement concerns Binance’s decision to stop supporting USDP rather than the underlying stablecoin ceasing to exist. An exchange delisting changes access and liquidity on that particular venue but does not automatically terminate the asset itself, making the distinction important for users evaluating their options.
For USDP, losing Binance nevertheless removes a significant trading and distribution channel. Stablecoins depend on accessible conversion routes as much as price stability, and reduced exchange coverage can concentrate liquidity among the venues and services that continue supporting the asset.
The immediate priority for Binance users is therefore operational. USDP holders need to account for multiple product-specific deadlines, with spot trading ending September 24 and withdrawals closing November 24, while the broader impact on USDP liquidity will depend on activity across remaining markets.