Coinbase is ending its USDC rewards program in Europe due to new EU MiCA laws. 😅 Users in the EEA, including the 27 EU countries, will no longer earn interest on their stablecoins as of December 1. The regulations, which came into effect in June 2023, prohibit interest from being earned on stablecoins. Meanwhile, Schuman Financial plans to issue a new euro stablecoin, EURØP.