Coinbase has announced plans to delist Tether’s USDT and other stablecoins that do not comply with the European Union’s Markets in Crypto-Assets (MiCA) regulations by December 30, 2024. This decision is part of Coinbase’s efforts to adhere to the new rules, which require stablecoin issuers to obtain an e-money license in an EU member state. Tether has yet to secure this license, prompting the delisting. Coinbase will provide options for users to convert their holdings to compliant stablecoins like Circle’s USDC.

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