Gemini

Pax Dollar

Gemini Dollar

TrueUSD

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Uphold crypto exchange announced ending support for some stablecoins starting July 1.</li> 
 <li>The coins include DAI, FRAX, GUSD, USDP, TUSD, and USDT.</li> 
</ul> 
According to the latest reports, the New York Uphold crypto exchange will end support for several stablecoins ahead of MiCA. 
In a new notice shared on X by Antony Welfare, senior advisor to CBDC Europe and Global Partnerships at Ripple, he revealed that ahead of MiCA regulation, not all stablecoins are treated equally, noting that it is interesting to see which ones remain viable for continued support. 
In the <a href="https://x.com/AntonyWelfare/status/1802790828991021286" rel="nofollow" target="_blank">message</a>, Uphold reveals that owing to new European Union rules on stablecoins they decided to end support for the following assets starting July 1: 
<ul> 
 <li>Tether (USDT)</li> 
 <li>Dai (DAI)</li> 
 <li>Frax Protocol (FRAX)</li> 
 <li>Gemini Dollar (GUSD)</li> 
 <li>Pax Dollar (USDP)</li> 
 <li>TrueUSD (TUSD)</li> 
</ul> 
The exchange also revealed that they will continue supporting USDC, EURC, and PYUSD going forward. Uphold also requested users that they convert their holdings before 23:59 CET on June 27. 
Uphold revealed that in case users miss the chance to covert their assets, the exchange will automatically convert their holdings in their name into USDC on June 28. 
<a href="https://x.com/AntonyWelfare/status/1802790828991021286/photo/1" rel="nofollow" target="_blank"><img loading="lazy" decoding="async" class="alignnone" src="https://pbs.twimg.com/media/GQTMs7gX0AAanGj?format=jpg&amp;name=large" alt="GQTMs7gX0AAanGj?format=jpg&amp;name=large" width="1170" height="1999" title="Uphold Ends Support For USDT, DAI, FRAX, GUSD, USDP, TUSD Starting July 1 21"></a> 
<h2 id="mica-stablecoins-rules-come-into-effect-on-june-30-in-eea">MiCA stablecoins rules come into effect on June 30 in EEA</h2> 
MiCA’s stablecoin rules will take effect in the European Economic Area on June 30. This will mark a significant regulatory milestone for the region’s stablecoin market. 
As part of the new MiCA framework, stablecoin issuers in the EU have to be licensed as Electronic Money Institutions (EMIs) or credit institutions. 
Recently, Binance’s Head of CEE and CIS, Kyrylo Khomiakov, clarified the “stablecoins delisting” rumors that surrounded the exchange. 
He said that the media understood things completely wrong, with some saying that Binance will delist stablecoins completely and others claiming that this will happen only for European users. 
Khomiakov clarified the situation, saying that this is not the case. He continued and said that indeed, MiCA is taking place soon, and starting July 1, there will be new rules for stablecoins. He<a href="https://crypto.ro/en/news/binances-head-of-cee-cis-clarifies-stablecoins-ban-rumors-at-binance-campus/"> explained everything</a> in detail at Binance Campus.

Uphold Ends Support For USDT, DAI, FRAX, GUSD, USDP, TUSD Starting July 1

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