Coinbase to Remove Non-Compliant Stablecoins in Europe by December

The move aligns with the EU's MiCA regulations, requiring stablecoin issuers to obtain authorization in at least one member state.

Coinbase will delist stablecoins that do not comply with the EU's Markets in Crypto Assets (MiCA) regulations by December 30, 2024.
The MiCA regulation mandates stablecoin issuers to secure an e-money license in an EU member state, impacting fiat-backed stablecoins significantly.
Circle, the issuer of USDC and EURC, is among the first to secure compliance under MiCA, while Tether has yet to obtain the necessary license.
Coinbase plans to provide a transition plan in November, offering European customers options to switch to compliant stablecoins.
The MiCA regulation is part of a broader effort to standardize the crypto landscape across the EU, imposing strict transparency and consumer protection standards.