Coinbase to Delist Non-Compliant Stablecoins in Europe by End of 2024, but Fate of Tether’s USDt, World’s Largest Stablecoin, Unknown

- Coinbase told European customers on October 4 that it would restrict services to stablecoins that do not meet MiCA requirements.

- Coinbase will offer stablecoin options like USD Coin (USDC), which has been MiCA compliant since July.

It is unclear whether USDt (USDT) will be affected by the new restrictions. ESMA, the EU’s financial markets regulator, has yet to disclose Tether’s regulatory status.

- Tether CEO Paolo Ardoino said some aspects of MiCA could pose risks to banks and stablecoins.

- Tether is developing a technological solution for the European market, which will be launched soon.

What do you think about the future of stablecoins in Europe? Comment below! 🚀#Crypto#Blockchain #BTC