USDC

Coin

<ul class="wp-block-list news-points">
 <li>Coinbase has ended its USDC yield services in Europe.</li>
 <li>The decision came amid the implementation of MiCA in the EU.</li>
 <li>USDC yield will continue until November 30th.</li>
</ul>
Coinbase, a leading American digital asset trading platform, is pulling the plug on its USDC yield services in Europe, bowing to the pressure of the European Union’s new MiCA regulations. Meanwhile, US regulators are also casting a wary eye on crypto yield products.
The crypto exchange confirmed that the service will end for all its customers in the European Economic Area (EEA) on December 1st. This decision affects Coinbase users in EU member states as well as Iceland, Norway, and Liechtenstein. According to <a href="https://x.com/marinamarkezic/status/1862161507947286886" target="_blank" rel="noopener noreferrer nofollow">an email</a>, all users of the USDC yield program will continue to earn rewards until November 30th.
Crypto infrastructure provider Sablier’s chief executive, Paul Berg, expressed his frustration about the change, attributing it to the recently introduced MiCA regulations. He sarcastically said that he is “very grateful to the EU” for protecting him against “earning a yield on my USDC holdings on Coinbase.”
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Very grateful to the EU for protecting me against earning a yield on my USDC …
 </blockquote>
 </div>
</figure>
The post <a href="https://coinedition.com/coinbase-puts-a-stop-to-usdc-yields-in-europe-mica-isnt-helping/" rel="noopener noreferrer nofollow">Coinbase Puts a Stop to USDC Yields in Europe: MiCA Isn’t Helping</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Coinbase Puts a Stop to USDC Yields in Europe: MiCA Isn’t Helping

Coin Edition

Other articles published on Nov 29, 2024

Veteran Analyst Who Called XRP’s $1 Boom Now Says This Hot Memecoin Will Smash the $5 Mark by Dec...

FXGuys vs. XRP vs. SUI: The Battle for the Next 10x Altcoin

Bitcoin Whales Seize Opportunity Amid Price Dip

39,900% ROI Potential? Qubetics Lauded as the Best Crypto to Join Now for Huge Gains While Avalan...

Is $100,000 the Limit in the Bitcoin Rally or Will It Continue? Here’s a Clear Opinion for the Top

Bullish Momentum Sweeps Crypto Market: BTC Hits $97K, XRP and ALGO Lead Altcoin Gains

Join our free newsletter for daily crypto updates!