🥲 Coinbase Announced USDT Delisting in Europe😯

Coinbase has announced it will delist USDT (Tether) in the European Economic Area by the end of 2024, due to new MiCA regulations. Exchanges like OKX, Bitstamp, and Uphold have already delisted USDT in Europe.

🔍 What is delisting?

Delisting means that USDT will no longer be available for trading or storage on Coinbase in Europe.

🔍 What is MiCA?

MiCA (Markets in Crypto-Assets) is a new European regulation that enforces stricter standards for crypto assets like stablecoins to ensure transparency and stability. Since USDT has not yet met these standards, it faces delisting.

💅For those who still want to use USDT, Kraken has confirmed that it won’t delist USDT and will ensure compliance with MiCA.