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Coinbase Europe Delists USDT, Other Stablecoins Citing EU Compliance

Coinbase pointed out that USD Coin (USDC) and EUR Coin (EURC) are MiCA-compliant and will continue to be supported.

Coinbase Europe decided to delist multiple stablecoins, including Tether’s market-leading USDT, to comply with the European Union’s rules.

In a Wednesday announcement set to its users, Coinbase wrote that "due to the new European Markets in Crypto-Assets (MiCA) regulation, Coinbase will implement restrictions for stablecoin services that do not meet MiCA requirements.”

Other than USDT, retail customers on Coinbase Europe and Coinbase Germany will see the delisting of Paxos Standard Price (PAX), PayPal USD (PYUSD), and Gemini Dollar (GUSD). It'll also impact GYEN, which issuer GMO-Z.com calls the first regulated Japanese YEN stablecoin, and Maker Protocol's DAI.

Coinbase Europe Delists USDT, Other Stablecoins Citing EU Compliance

Coinbase pointed out that USD Coin (USDC) and EUR Coin (EURC) are MiCA-compliant and will continue to be supported.

Coinbase Europe decided to delist multiple stablecoins, including Tether’s market-leading USDT, to comply with the European Union’s rules.

In a Wednesday announcement set to its users, Coinbase wrote that "due to the new European Markets in Crypto-Assets (MiCA) regulation, Coinbase will implement restrictions for stablecoin services that do not meet MiCA requirements.”

Other than USDT, retail customers on Coinbase Europe and Coinbase Germany will see the delisting of Paxos Standard Price (PAX), PayPal USD (PYUSD), and Gemini Dollar (GUSD). It'll also impact GYEN, which issuer GMO-Z.com calls the first regulated Japanese YEN stablecoin, and Maker Protocol's DAI.

https://decrypt.co/296453/coinbase-europe-delists-usdt