🗣 European cryptocurrency exchanges are preparing to delist locally noncompliant stablecoins as crypto laws near enforcement
⏺ As of December 13, Coinbase Europe, Coinbase Germany, and Coinbase Custody International will remove USDt, one of five stablecoins from Tether, from their platforms.
⏺ Both USD Coin and the EURC stablecoin, which is pegged to the euro and managed by Coinbase and Circle, a US crypto company, will remain supported by Coinbase.
⏺ Among the world's top three exchanges in terms of trading volume, Coinbase has a sizable portion of the USDT market.
⏺ No formal claim has been made by the European Securities and Markets Authority that the stablecoin does not comply with MiCA.
⏺ While developing a tech-based solution for the European market, Tether CEO Paolo Ardoino has publicly criticized certain parts of the MiCA regulations.
⏺ As of December 13, Coinbase Europe, Coinbase Germany, and Coinbase Custody International will remove USDt, one of five stablecoins from Tether, from their platforms.
⏺ Both USD Coin and the EURC stablecoin, which is pegged to the euro and managed by Coinbase and Circle, a US crypto company, will remain supported by Coinbase.
⏺ Among the world's top three exchanges in terms of trading volume, Coinbase has a sizable portion of the USDT market.
⏺ No formal claim has been made by the European Securities and Markets Authority that the stablecoin does not comply with MiCA.
⏺ While developing a tech-based solution for the European market, Tether CEO Paolo Ardoino has publicly criticized certain parts of the MiCA regulations.