oinbase">Coinbase will remove Tether (USDT) and five other stablecoins from its platforms in Europe starting December 14, in response to the MiCA regulations taking effect on December 30, 2024. This move focuses on ensuring compliance with EU mandates requiring stablecoin issuers to have an e-money license.
oinbase">Coinbase will maintain support for USD Coin (USDC) and EURC, which meet MiCA criteria, signaling a shift towards promoting licensed stablecoins within the EU. The company had previously informed customers about the potential delisting of non-compliant assets, advising them to transition their holdings to USDC for continued service.
oinbase">Coinbase remains open to reintroducing these stablecoins if they meet future compliance standards. This decision is shaped by the increasing emphasis on regulation within the EU’s crypto market landscape.
Tether, amidst this regulatory pressure, remains optimistic about adapting to new regulations. While some exchange platforms are rapidly altering their offerings, Tether is focused on sustaining its commitment to enhancing financial inclusion across diverse regions.
