Young Platform

Important Updates on USDT, DAI, and PAXG: What’s Changing on Young Platform?

Filippo Iachello

February 6, 2025

3 min

Changes Following MiCA Regulations

With the introduction of the Markets in Crypto-Assets (MiCA) regulation, we have made several adjustments concerning stablecoins to ensure compliance with European regulations.

Starting from January 31, 2025, deposits and purchases of USDT, DAI, and PAXG will be suspended. These cryptocurrencies must be either withdrawn from our platform or sold by April 1, 2025.

Additionally, we have made changes to the Moneyboxes Vaults and added new trading pairs. Here’s everything you need to know.

Suspension of USDT, DAI, and PAXG Purchases and Deposits

Starting January 31, 2025, users will no longer be able to purchase or deposit USDT, PAXG and DAI on the Young Platform due to non-compliance with MiCA regulations.

However, if you currently hold these stablecoins, you will have until March 31, 2025, to sell or withdraw them from the platform.

After April 1, 2025, all selling and withdrawal operations for USDT, PAXG, and DAI will be permanently disabled. We strongly recommend that you close any positions and withdraw your funds from the Young Platform before this deadline.

Cancellation of Open Orders

All active STOP MARKET, STOP LIMIT, and LIMIT orders on the following pairs will be cancelled.

Buy Orders Affected:

PAXG-BTC
PAXG-EUR
USDT-EUR
DAI-EUR

Sell Orders Affected:

1INCH-USDT
AVAX-USDT
BTC-USDT
DOGE-USDT
DOT-USDT
ENJ-USDT
ETH-DAI
ETH-USDT
GRT-USDT
LINK-USDT
LTC-USDT
METIS-USDT
MKR-USDT
OP-USDT
SAND-USDT
SOL-USDT
SUSHI-USDT
TON-USDT
WLD-USDT
ZK-USDT

Changes to Currency Operations

USDT & DAI:

Selling orders from USDT/DAI to Euro will remain active.
Buying orders from Euro to USDT/DAI will be disabled.
Swaps from USDT/DAI to another cryptocurrency will remain active.
Swaps from any cryptocurrency to USDT/DAI will be disabled.

PAX Gold (PAXG):

Can still be exchanged for Bitcoin (BTC).
Can still be sold for Euro (EUR).

Changes to Moneyboxes Vaults

All PAXG Moneyboxes Vaults and recurring purchases of PAXG, both individual and customized, will be deactivated. Any funds in these Moneyboxes Vaults will automatically be credited to the user’s Main Wallet.