Based on CoinTelegraph, Coinbase is set to delist Tether's USDT and five other stablecoins in Europe on December 13, 2024, due to noncompliance with the Markets in Crypto-Assets Regulation (MiCA). The affected platforms include Coinbase Europe, Coinbase Germany, and Coinbase Custody International. This move comes as the full MiCA regulatory framework for crypto asset service providers is set to be enforced from December 30. Coinbase will continue to support USD Coin (USDC) and EURC, which are compliant with MiCA. Tether's USDT, a significant asset on Coinbase, accounts for over 12% of trades, with daily volumes exceeding $1 billion. While European regulators have not directly labeled USDT as noncompliant, Coinbase is taking precautionary measures. Tether CEO Paolo Ardoino has criticized some MiCA regulations but expressed commitment to developing compliant solutions for the European market.
Coinbase to Delist USDT in Europe by Dec 13
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