Coinbase delisting USDT in Europe

Coinbase is delisting non-compliant stablecoins, including potentially Tether's USDT, from its platform in the European Economic Area (EEA) by the end of 2024 to comply with the European Union's upcoming Markets in Crypto-Assets (MiCA) regulations. MiCA requires stablecoin issuers to obtain e-money authorization in at least one EU member state, which USDT currently lacks. Coinbase will support MiCA-compliant stablecoins like Circle's USDC and Euro Coin (EURC) and will provide users with options to convert their assets to compliant stablecoins. This delisting is part of an industry-wide trend as other exchanges like Binance, Bitstamp, and OKX have taken similar steps. Tether has announced that it is developing a technology-based solution specifically tailored for the European market to address the challenges posed by the MiCA regulatory framework.