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

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.

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 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.

Tether, which is the largest issuer of stablecoins, has not managed to snag the necessary e-money license yet in the European Union.

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

Coinbase will delist certain stablecoins in the European Economic Area by year's end, the cryptocurrency exchange said on Friday, as the industry braces for tougher regulation in the region. The European Union's landmark crypto regulatory framework,

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.

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 Global to delist unauthorized stablecoins in the EU. New regulations force crypto exchanges to comply.