🚨 Crypto Exchange Coinbase prepares to delist Tether’s USDT stablecoin in Europe

Coinbase said it will assess reenabling services for stablecoins that achieve MiCA compliance at a later date.

Cryptocurrency exchanges in Europe are preparing to delist locally noncompliant stablecoins as European crypto regulations near an enforcement deadline.

Coinbase Europe, Coinbase Germany and Coinbase Custody International will delist Tether’s USDT and five other stablecoins on Dec. 13, Coinbase told Cointelegraph on Thursday.

Based on the latest information, we currently expect we will have to restrict services for the following assets: #USDT , PAX, PYUSD, GUSD, GYEN, and DAI,” Coinbase said, referring to the coins as assets restricted by Europe’s Markets in Crypto-Assets Regulation (MiCA).

Coinbase will continue supporting USD Coin and the euro-pegged EURC (EURC) stablecoin, jointly operated by Coinbase and the US crypto company Circle.