mica

🇪🇺 Coinbase converts 14 stablecoins for European users as the MiCA deadline hits.

Europe's MiCA era just got real for retail traders. Coinbase has converted the remaining balances of 14 non-MiCA-compliant stablecoins held by retail users in the European Economic Area into USDC, after the October 30 deadline passed.

The list is headlined by $USDT, the world's largest stablecoin, alongside PayPal's PYUSD, DAI, World Liberty's USD1, PAXG and nine others. Buying, selling and swapping these assets on Coinbase for EEA retail users had already been switched off. Withdrawal to an external wallet was the only way to keep them. Anything left on the platform is now converted at the market rate, one time only.

The trigger is the end of MiCA's transitional period for stablecoin issuers on July 1, 2026, which was not extended. Tether has not secured the MiCA e-money authorization the framework requires, while Circle's USDC is authorized, making USDC the default dollar token on Coinbase in Europe.

Why it matters: this is the largest single-exchange stablecoin cull under MiCA so far, and it redraws Europe's dollar-token map in one stroke. USDT is not banned across the EU, and it still trades on other venues, but access on the biggest US exchange just narrowed sharply.

⚠️ Honest risks: forced conversions can carry tax consequences depending on jurisdiction, and deposits sent after the deadline may not be credited or recovered. The stablecoin pegs themselves are unaffected. This is a compliance reshuffle, not a depeg event.

Are you holding USDT in Europe, or already moved to USDC? 🐂 or 🐻

📌 Sharing personal opinions only, not financial advice or a recommendation to buy/sell. Crypto is highly risky; DYOR and you are solely responsible. No coin promotion.

$USDT #Coinbase #MiCA #Crypto #Binance

Coinbase converts EU retail users' USDT, PYUSD, DAI, USD1 and 10 other stablecoins into USDC today, Oct 30. Eight of the 14 that CoinGecko prices add up to about $203B. USDC is about $71B.

Any affected balance left in an EEA retail account gets converted at the market rate, into USDC where Coinbase considers it suitable and into another supported asset where it isn't. Withdrawing to an external wallet before the deadline was the only way to keep the original tokens.

The reason is MiCA, the EU's crypto rulebook. The transition period for stablecoin issuers ended July 1 and wasn't extended, so Coinbase can't support coins from issuers without MiCA authorisation.

In December 2024 the list had 6 coins and users could pick sell, convert or withdraw. Now it has 14, and conversion is the default.

USDT alone is about $180B on CoinGecko, roughly 2.5 times USDC. On Coinbase in the EU, the biggest stablecoin is being swapped for the second biggest.

The swap can be taxable in some countries. Tokens sent in after the deadline won't be credited or converted, and Coinbase doesn't guarantee recovery.

Don't send USDT to a Coinbase EU account after today.

$USDT $USDC
#MiCA #Stablecoins
NFA. DYOR.

🟢 Bullish

🚨 EU Passes Landmark MiCA 2.0 Regulations!

Brussels just approved the next phase of the Markets in Crypto-Assets (MiCA) framework, extending oversight to DeFi and NFTs with clearer guidelines for institutions. This is a massive step for mainstream adoption, as MiCA's scope is expected to evolve to cover more areas like DeFi and NFTs beyond its initial phase.

📊 Market Impact: Expect institutional capital inflow and increased clarity for projects looking to operate in the EU. Could spark a broader market rally for compliant assets as the transitional period for MiCA has ended, requiring full compliance.

#MiCA #RegulatoryClarity

Approx. 2026-10-23
Openbank Deutschland AG completed its MiCA Art.60 notification through BaFin and appeared on the ESMA interim register

Scope: Custody and administration + execution of orders — 2 services
Passporting listed: Home country DE (not yet expanded to other EEA countries)
Entity: German digital bank under the Santander Group (LEI 5299002CRNX7K6KOL397)

Art.60 notification ≠ new CASP licence under Art.63
Register entry ≠ full-scale operations have begun

#MiCA #监管合规 #Web3 $BTC

Deutsche Bank completed its MiCA Art. 60 notification via BaFin around 10–12 and was added to the ESMA register.

Services: custody and administration + transfer, 2 services in total
Passporting listed in around 30 EEA-related jurisdictions
Plans to support $BTC /$ETH /$USDC , as well as EURC and EURAU
For institutional and corporate clients; retail excluded

Art. 60 notification ≠ new Art. 63 CASP licence
Register listing ≠ fully operational

#监管 #MiCA $BTC

Around 2026-10-14
EBA classifies $USDC , issued by Circle’s EU entity, as the EU’s first “significant” electronic money token (EMT)

The EU has notified approximately 45 EMTs; USDC is the first to meet the significance threshold
Dual supervision from around 2026-11-12: EBA directly supervises own funds / reserve assets / liquidity / recovery and redemption plans; ACPR continues to oversee governance / qualifying holdings / suitability / outsourcing / conflicts of interest, etc.
Issuer: Circle Internet Financial Europe SAS
EBA has signed a cross-border information-sharing MoU with the New York DFS

Classification as a significant EMT ≠ a newly issued token or a rebranding
Transfer of supervisory responsibilities ≠ ACPR’s withdrawal from all supervision

#MiCA #监管合规 #稳定币 $USDC

Approx. 2026-10-09
Spain’s CNMV authorizes PRAKMA MARKETS (GOIN CRYPTO) as a MiCA CASP

Scope: custody and administration / reception and transmission of orders / transfers (3 services in total)
ESMA’s interim register shows passporting scope: Spain, France, Italy
Legal basis: MiCA Article 63

Authorization ≠ full-scale operations
Passporting registration ≠ full-scale operations in each country

#MiCA #监管合规 #Web3 $BTC

BingX EU (MEGE zweite GmbH) obtained authorization as an Austrian FMA MiCAR CASP around 10/13.

The authorization covers custody, fiat-to-crypto exchange, crypto-to-crypto exchange, and transfers; it serves approximately 29 EEA countries, with passporting arrangements still underway.
Authorization does not mean full operations have begun; the company says it is still preparing to launch regulated services.

#监管 #MiCA $BNB

YouHodler Italy received MiCA CASP authorization from Italy’s CONSOB around October 8
Resolution 24156; approved after consultation with the Bank of Italy
Five authorized services: custody, fiat-to-crypto exchange, crypto-to-crypto exchange, order execution, and transfers
Serving Italian customers; plans to expand to around 27 EU member states through the passporting procedure
Authorization ≠ full launch; planned passporting expansion ≠ completed

#MiCA #监管合规 $ETH

Why were European users’ USDT holdings “phased out”?

According to CryptoSlate and a customer notice from Coinbase, the deadline for Coinbase retail users in the European Economic Area (EEA) was October 30: balances of 14 restricted assets, including USDT, PYUSD, USD1, and DAI, that had not been withdrawn would be automatically converted at market rates into USDC or other supported assets.

The reason is straightforward: the EU’s MiCA regulations require stablecoin issuers to obtain authorization. The transition period ended on July 1, with no extension. Circle, the issuer of USDC, is authorized, making USDC a “compliant dollar stablecoin.”

Three quick reminders:
1. This only affects Coinbase retail users in Europe; users in other regions are not affected by this notice.
2. Deposits of restricted tokens made after the deadline will not be credited, and recovery is not guaranteed.
3. Automatic conversions may have tax implications, so check your local regulations.

This doesn’t mean nobody uses USDT; it just means that “legality” has become the price of entry on European exchanges.

When you hold stablecoins, do you prioritize the issuer’s regulatory license or liquidity?

#稳定币 #MiCA #BeginnerGuide
This is not investment advice.

Came across Coinbase Help Center: today (10/30) is a hard deadline—the 14 stablecoins not authorized under MiCA (including USDT, PYUSD, DAI, USD1, USDS, PAXG, etc.) still sitting in EEA retail users’ accounts will be automatically converted in one go at market price; where appropriate, they’ll be converted to USDC, otherwise to another supported asset or fiat currency.

Key point: buying, selling, and converting have already been disabled. If you want to keep the original currency, you need to withdraw it to an external wallet before the deadline. Anything sent in after the deadline may not be credited or included in the automatic conversion, and recovery is not guaranteed. Coinbase Luxembourg is a MiCA CASP authorized by the CSSF; the transition period for stablecoin issuers ended on July 1 and was not extended. If a coin gets authorization in the future, support will be reassessed, but completed conversions won’t be reversed—and in some regions, they may count as taxable events.

The EU clearing non-compliant stablecoins off the retail platforms of major exchanges feels more tangible than “yet another compliance news story.”

#MiCA #稳定币 $USDC $USDT #Coinbase

European users woke up today to find that 14 non-MiCA stablecoins—including USDT, PYUSD, and DAI—that they hadn’t withdrawn to an external wallet had been automatically converted at market rates into $USDC , effective today. Trading had already been halted, so withdrawing them was the only way to keep the original coins. In some countries, this conversion could also count as a taxable event. The reactions are split: compliance advocates say it was long overdue, while holders ask why the platform gets to exchange their coins without permission. Which side are you on? A: Clearing them out for compliance is fair enough. B: Forcing a coin swap crosses the line.
$BTC $ETH #Coinbase #MiCA #Stablecoins

🚨 Coinbase has set a 3-day deadline for USDT, PayPal, and Trump-linked stablecoins to comply with EU MiCA regulations. Affected retail balances will convert at market rates, prioritizing USDC where suitable.

Late deposits will be excluded from the transition.

stands to gain market share as the compliant alternative.

#MiCA #Stablecoins

$USDC #TradingSignal #CryptoAnalysis

Came across some pretty interesting numbers tonight.

Kaiko says USDC now accounts for 56% of euro–stablecoin trading. Back in January 2024, it was just 10%. What happened in between? Pretty straightforward: after MiCA came into effect, exchanges serving European users began restricting USDT, and money shifted toward compliant options.

Order book depth has changed too. USDC/EUR is now about 40% deeper than USDT/EUR. For Europeans moving in and out of positions, stablecoin–euro pairs are already the main route. Switch that route, and the difference is noticeable.

A bit more context. The European Banking Authority recently designated USDC as the EU’s first “significant e-money token,” with its reserves subject to direct regulatory oversight. Circle has taken a compliance-heavy approach. Tether is still much larger globally—about 2.5 times the size—and it’s taking a different path. In the US, there’s also the separate USAT.

So don’t just focus on “who’s bigger.” Global circulation and “which one works better in Europe’s compliant markets” are now two different things. If the US GENIUS Act takes a similar approach, and exchanges narrow their listings further, the landscape could shift again.

For tonight, just remember this: when the rules tighten, liquidity moves—and faster than many people expect.

#USDC #MiCA

🇪🇺 Euro stablecoin landscape turned upside down: USDC’s market share surges to 56%, overtaking USDT

Kaiko data shows that USDC’s share of euro-denominated stablecoin trading rose from about 10% in January 2024 to around 56%. Cointelegraph/DigitalToday report that exchanges are restricting EEA users from trading USDT to comply with MiCA, steering funds toward compliant tokens. USDC’s euro order-book depth is about 40% greater than USDT’s, although USDT’s global circulation is still roughly 2.5 times that of USDC. The EBA has designated USDC the first “significant e-money token” under MiCA, with some supervisory responsibilities shifting upward from 11/12. The US OCC’s final rule takes effect on 1/18/2027, and non-compliant stablecoins may face restrictions starting in July 2028.

【Takeaway】This isn’t about which one is more appealing; regulation is reshaping the channels. When European on- and off-ramps favor compliant tokens, market share shifts. After the US GENIUS Act takes effect, exchange listing requirements could trigger a repeat of this pattern.

【Opportunities/Risks】Watch the liquidity of compliant stablecoins and friction around on- and off-ramps; whether Tether’s USAT can fill the gap in the US; and remember that USDT remains dominant in domestic and cross-border trading, so don’t extrapolate euro-pair performance to the global market. Stablecoin turnover may also increase as volatility picks up around the FOMC and US tech earnings.

Which do you think will matter more in the next battle for market share: reserve transparency or exchange listing eligibility?

#稳定币 #MiCA #USDC #CryptoRegulation
$BTC $ETH
For informational purposes only; not investment advice

According to a Kaiko report published on 27/10, Circle's $USDC now accounts for 56% of euro stablecoin trading, up from 10% in January 2024. In Europe, $USDT is no longer the default stablecoin.

If you trade from the European Economic Area, two dates matter. On Friday 30/10, Coinbase will convert the remaining balances of 14 MiCA-non-compliant stablecoins held by its EEA retail customers—including USDT, DAI, and PYUSD—into USDC at the market price (Coinbase help page). To keep your USDT, you need to withdraw it beforehand, and the conversion may be taxable depending on the country. Then, on 12/11, the European Banking Authority will take direct supervision of USDC reserves, after it was classified on 14/10 as the EU's first “significant” e-money token.

Here's how it works: the MiCA transition period for issuers ended on 01/07/2026 without an extension. USDT is not licensed, so regulated platforms are dropping its trading pairs in Europe. Kaiko also notes that USDC/EUR order books are around 40% deeper.

The most telling point is that nothing has shifted globally. According to DefiLlama on 28/10, USDT has a circulating supply of $182.0 billion versus $71.3 billion for USDC (2.55 times more), and USDC's share of the pair has only risen from 20.7% to 28.2% since January 2024. My take: Europe's shift is driven by regulation, not traders' choices.

Two possible outcomes. Either the same pattern repeats in the United States with the GENIUS Act (the OCC rule on reserves takes effect on 18/01/2027, with restrictions on unlicensed issuers from July 2028), and USDC's global share finally rises. Or USDT liquidity simply moves offshore and into DeFi, leaving the global gap unchanged.

Do you keep your stablecoins on a MiCA-licensed platform, or in a wallet you control?

#Stablecoins #MiCA

14 tokens forced to convert to USDC in 2 days—the European stablecoin market is turning upside down

Starting October 30, Coinbase will automatically convert 14 tokens, including USDT, held by European users into USDC. If you don’t want that, withdraw them yourself; after the deadline, deposits will no longer be accepted.

Kaiko data from October 27: USDC now accounts for 56% of euro stablecoin trading volume, up from just 10% in January 2024. Its order book is 40% deeper than USDT’s.

Starting November 12, the European Banking Authority will directly supervise Circle’s reserves. USDC is the EU’s first “significant e-money token.”

But don’t overstate the comeback: euro stablecoins account for less than 8% of euro trading volume, and USDT’s global circulation is still 2.5 times that of USDC.

I think compliance wins the seat at the table, not the game—and sooner or later, Europe’s approach will be copied in the US. The OCC just issued its GENIUS rules on October 21; from July 2028, US platforms will also have to restrict sales of non-compliant tokens. The thesis is invalidated if USDT trading volume in Europe rises instead of falling after October 30.

Do you think Europe’s move is sending money to USDC, or sending users to USDT?

$USDC $USDT $COIN
#稳定币 #MiCA
This is not investment advice. DYOR; trading involves risk.

Open the Coinbase app in Europe and you’ll run into this: if you still have stablecoins like USDT, DAI, or PYUSD sitting in your account, wait two more days and the decision won’t be yours anymore—the platform will convert them all at once at the prevailing market price.

A few details that are easy to miss 👇

🔹 Who’s affected: retail users in the European Economic Area (EEA); the service is provided by Coinbase Luxembourg, which holds a MiCA license. If your account isn’t in Europe, don’t panic
🔹 Deadline: October 30, 2026. If you want to keep the original assets, you’ll have to withdraw them to an external wallet; buying, selling, and in-app conversions for these 14 assets have already been restricted
🔹 The list (according to the official notice): USDT, PAX, PYUSD, GUSD, GYEN, DAI, BUST, UST, RAI, PAXG, MUSD, USD1, USDS, TGBP—in total, 14 stablecoins or asset-referenced tokens “not authorized under MiCA”
🔹 What happens at the deadline: any remaining balance will be converted in one go at the market price at the time. Where appropriate, it will be converted to USDC; otherwise, it will be converted to another asset or fiat currency supported by the platform. Your balance may briefly show as 0 while the conversion is being processed, and you’ll be able to see the conversion in your transaction history
🔹 Don’t deposit more: after the deadline, sending these 14 assets to Coinbase may mean they’re neither credited nor automatically converted. You’ll have to go through the “unsupported asset recovery” process, and success isn’t guaranteed
🔹 Taxes: in some regions, swapping one crypto for another is a taxable event. The platform doesn’t provide tax advice, so check your local rules

In short: this is what the MiCA transition period (the deadline for stablecoin issuers passed on July 1, 2026) looks like in ordinary people’s wallets—compliant stablecoins stay, while unauthorized ones are removed from the app. If you’re in Europe and still have any of the listed assets, you should decide in the next few days whether to “withdraw” them or “let the platform convert them to USDC.” If you’re elsewhere, treat this as a reference for the regulatory timeline—not as a global delisting.

Will you withdraw your USDT before October 30, or just let the platform convert it to USDC?

#MiCA #BTC #ETH

For Coinbase retail users in the European Economic Area (EEA): The EU MiCA transition period for stablecoin issuers ended on 2026-07-01. The platform will no longer support 14 unauthorized assets, including USDT, PYUSD, DAI, USD1, PAXG, and GYEN. Buying, selling, and converting these assets are restricted. To keep your original assets, you must withdraw them yourself by October 30. Any remaining balance after that date will be automatically converted in a one-time transaction at market rates to $USDC (or, if that is not suitable, to another supported asset or fiat currency). Deposits made after the deadline will not be credited or included in the automatic conversion. If a token later receives MiCA authorization, Coinbase may reassess whether to list it, but completed conversions will not be reversed.
$USDT #MiCA #stablecoin

Latest figures from data firm Kaiko show that $USDC ’s share of euro-denominated stablecoin trading rose to about 56%, up from about 10% in January 2024. After the EU’s MiCA rules took effect, trading platforms serving European users tightened restrictions on unauthorized stablecoin trading, while compliant options handled more euro on- and off-ramp activity. During the same period, the order-book depth of $USDC euro trading pairs was about 40% greater than that of $USDT, according to Kaiko. This reflects a shift in the share of euro trading pairs, not a change in the global stablecoin circulation rankings—$USDT’s global circulating supply is still about 2.5 times that of $USDC . The EU had previously designated $USDC as the first “significant e-money token”; the relevant regulatory transition date for the European Banking Authority is 2026-11-12.#稳定币 #MiCA #Web3 $USDC $USDT