The EU’s Markets in Crypto-Assets (MiCA) regulation is bringing stricter rules for stablecoins in Europe. Major exchanges like Coinbase and Binance are delisting non-compliant stablecoins

Coinbase will delist USDT and other non-compliant stablecoins in the EU by the end of 2024 to comply with new MiCA regulations, offering users the option to convert to compliant alternatives like USDC.

Coinbase is preparing to delist stablecoins that do not meet the European Union’s Markets in Crypto-Assets Regulation (MiCA) requirements from its European platform by the end of December. This move is part of the exchange’s efforts to align with the new regulations, which aim to enforce stricter oversight of crypto-related businesses.

A statement from publicly traded Coinbase announced that the leading exchange was delisting all unauthorized stablecoins from its EU exchange by the end of the year. Tether Holding’s USDT would be among the most affected stablecoins as MiCA preps to implement the new regulations fully.

Coinbase reportedly plans to cut support for certain stablecoins in the European Union (EU) by the end of the year.

Crypto exchange Coinbase will reportedly be delisting non-compliant stablecoins in order to comply w/ regulations introduced via MiCA framework.

Coinbase Global Inc. has announced its plan to delist all non-compliant stablecoins from its European platforms by the end of December 2024. This decision comes in response to the European Union’s upcoming implementation of the Markets in Crypto-Assets (MiCA) regulations.

Coinbase will delist stablecoins that don’t meet MiCA regulations by December 2024, offering conversions to compliant options.

Coinbase Global Inc. will delist all unauthorized stablecoins from its crypto exchange in the European Economic Area by year-end, a potential blow for tokens like Tether Holdings Ltd.’s USDT.