🚨 Crypto Update: Coinbase to Halt USDC Rewards in EU 🚨
- Coinbase will end its USDC Rewards program for European Economic Area (EEA) customers on Dec. 1 due to MiCA regulations.
- MiCA, effective June 2023, imposes strict rules on stablecoins, banning interest offerings.
- Impacted users express frustration online, sparking lively discussions.
- Ripple's David Schwartz highlights irony in regulations hindering consumer benefits.
- Tether to end EURT support but plans MiCA-compliant stablecoins.
💬 Share your thoughts below! How will this affect your crypto strategy?