Can you still sell the USDP in your Binance account after the delisting?

Missing that time doesn't mean the coins are gone. After 03:00 UTC on November 25, Binance may convert delisted tokens into stablecoins on behalf of users, and that conversion is not guaranteed. Getting US dollars back at 1:1 takes two steps: withdraw the USDP, then redeem it with the issuer, Paxos, which requires a Paxos account. Redemption and Paxos's other services may not be available depending on where you live, so confirm with Paxos that redemption is open to you before you withdraw.

USDP features Binance has already switched off

Binance's notice, “Binance Will Delist USDP on 2026-09-24”, sets a time for each product. In date order:

As of October 3, only the last two rows are still ahead. The deposit row deserves a second look: USDP sent to Binance after 03:00 UTC on September 25 is not credited, so if you still hold USDP on-chain, don't send it to Binance.

Where did USDP in Earn, copy trading and margin go?

USDP was handled differently depending on which Binance product it sat in, so the place to look for it now differs too:

• Simple Earn: Flexible and Locked Products positions that weren't redeemed beforehand were automatically redeemed after 07:00 UTC on September 17 and transferred to the Spot Account together with any accrued rewards. That balance is still USDP, and withdrawing it is up to you.
• Dual Investment ceased support for USDP. In the notice's words, users cannot subscribe “starting from the subsequent Friday at 08:00 (UTC)”, unsettled subscriptions are refunded at that same time, the asset, including rewards, is distributed to Spot Accounts within 4 hours, and rewards are calculated on the actual subscription period. No calendar date is given for that Friday.
• Spot Copy Trading: from 03:00 UTC on September 17, outstanding assets were force-sold at market price, or moved to the Spot Account if the amount was unsellable.
• Margin accounts holding USDP only as collateral, with no USDP liabilities: at 06:00 UTC on September 11 the USDP was sold to USDT or USDC and the proceeds were added to the Margin balance.
• Margin accounts holding USDP only as a liability, with no USDP collateral: all pending orders in the Cross Margin Account were canceled, and the system sold other collateral tokens to buy USDP and fully repay the liability.
• VIP Loan and Flexible Loan: at 07:00 UTC on September 16, all outstanding loan positions with USDP as the loanable or collateral token were closed.

When you reconcile, anything that came back to your Spot Account as USDP, whichever product it came from, has to be dealt with before November 24. Whatever was already sold into another coin, such as USDT or USDC that showed up in a Margin account around September 11, has nothing more to do with USDP.

Withdrawing USDP from Binance before November 24

1. Find the balance. After delisting, the token's valuation is no longer displayed in accounts; to see your USDP, make sure “Hide Small Balances” is not selected.
2. Decide where it is going. To hold it long term, withdraw to a wallet whose private keys you control. To turn it back into dollars, withdraw to the USDP redemption address in your Paxos account. Each Paxos Account has a unique redemption address for each type of USD Stablecoin, and that address only exists once you have opened the account.
3. Match the network. USDP is available on Ethereum and Solana. The network you choose on Binance's withdrawal page has to be the chain your receiving address is on. If the withdrawal page offers a network outside those two, work out what you would be withdrawing first: under Paxos's terms, a Bridged Stablecoin, the version a third-party bridge provider issues on another blockchain, “is not issued, minted, or redeemed by Paxos”.
4. Send a small amount first. Once it has arrived and the address and network check out, withdraw the rest. The fee and the minimum withdrawal amount are whatever the withdrawal page shows at the time.

The cutoff is 03:00 UTC on November 24, not the end of that day. Convert it to your own time zone before choosing which day to act.

What happens to USDP still on Binance after November 25?

Binance's wording on this point is:

Delisted tokens may be converted into stablecoins on behalf of users after 2026-11-25 03:00 (UTC). Please note that the conversion of delisted tokens into stablecoins is not guaranteed.

Two more sentences follow. A separate notification will be made before the conversion where applicable, and the stablecoins will be credited to users' Binance accounts after the conversion. Where conversion is not feasible, Binance will keep withdrawals open, subject to network availability. Which stablecoin it would be, and at what rate, is left to that notification.

Leaving the USDP for Binance to handle means that, until the notification appears, there is no way to work out whether a conversion will happen or how much you would receive from it. Redeeming with Paxos yourself runs on written terms: all redemptions are on a one-for-one basis, notwithstanding any change in the market value of the reserve assets backing the stablecoin.

Redeeming withdrawn USDP with Paxos for US dollars at 1:1

USDP is issued by Paxos Trust Company. Paxos's USDP page says its issuance of USDP “is subject to strict regulatory oversight by the OCC”, the US Office of the Comptroller of the Currency, that USDP reserves “are held 100% in cash and cash equivalents, meaning customer funds are always available for 1:1 redemption”, and that Paxos publishes Pax Dollar attestation reports each month.

Redemption itself is governed by Paxos's US Dollar-Backed Stablecoin Terms and Conditions. The requirements that decide whether it works for you:

The arithmetic on the last row: dollars left sitting in the Paxos account after a redemption are charged $2 a month once twelve months have passed, which comes to 2 × 12 = $24 a year. Moving the dollars to your own bank account soon after they are credited keeps that charge from applying.

The same terms open with a notice about BUSD: Paxos no longer mints new BUSD but allows customers to redeem it. Since the BUSD minting halt, holders redeeming BUSD with Paxos have done so under these terms as well, and as with USDP they have to become Paxos customers first.

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