Coinbase Gives Three-Day Deadline to Delist Stablecoins Not Compliant With EU MiCA Rules
(3 hours ago) · 1 source · Summarized by CryptoBipto
Coinbase has announced a three-day deadline to remove several stablecoins from its European platform, including USDT, PayPal's stablecoin, and Trump-linked stablecoins, due to non-compliance with the EU's Markets in Crypto-Assets (MiCA) regulation. The move follows the enforcement of MiCA stablecoin provisions that require issuers to hold proper licenses to operate within the European Union.
WHY IT MATTERS
Stablecoins are cryptocurrencies designed to maintain a steady value, usually pegged to a currency like the US dollar. The EU passed a law called MiCA (Markets in Crypto-Assets) that sets rules for how crypto companies, including stablecoin issuers, must operate in Europe. Think of it like a business license — if a stablecoin issuer does not have the right license under MiCA, exchanges in Europe are required to stop offering that stablecoin to their European customers. This matters because USDT (Tether) is the most widely used stablecoin in the world, and its removal from European platforms could affect how people in Europe trade and use crypto. It also shows that regulation is increasingly shaping which crypto products are available depending on where you live.
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- cryptoslate.com
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