Coinbase nuking ~$205B in stablecoins across Europe in 3 days.
Oct 30 = deadline. $USDT $USDS $DAI $PYUSD $USD1 $PAXG all getting axed in the EEA.
Reason? MiCA compliance. None of these issuers got the regulatory stamp.
Meanwhile Coinbase literally co-founded $USDC back in 2018 and still holds equity in Circle.
Connect the dots. This isn't about compliance—it's about killing the competition and forcing everyone into their own stablecoin.
Europe just became a $USDC monopoly zone.
Oct 30 = deadline. $USDT $USDS $DAI $PYUSD $USD1 $PAXG all getting axed in the EEA.
Reason? MiCA compliance. None of these issuers got the regulatory stamp.
Meanwhile Coinbase literally co-founded $USDC back in 2018 and still holds equity in Circle.
Connect the dots. This isn't about compliance—it's about killing the competition and forcing everyone into their own stablecoin.
Europe just became a $USDC monopoly zone.
