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<p data-pm-slice="1 1 []">Coinbase has announced its plan to delist six stablecoins, including <strong>Tether (USDT)</strong>, from its European platforms starting December 13, citing challenges in aligning with the EU’s <strong>Markets in Crypto-Assets (MiCA)</strong> framework. The exchange will continue to support MiCA-compliant assets like <strong>USD Coin (USDC)</strong> and EUR Coin (EURC).</p> 
<p data-pm-slice="1 1 []"><a href="https://www.qubetics.com/?utm_source=TBJ&amp;utm_medium=postBANNER" target="_blank" rel="noopener nofollow"><img loading="lazy" decoding="async" class="size-full wp-image-67567 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3.jpg" alt="Coinbase to Delist Six Stablecoins in Europe Amid MiCA Compliance Challenges = The Bit Journal" width="728" height="90" title="Coinbase to Delist Six Stablecoins in Europe Amid MiCA Compliance Challenges 51" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3.jpg 728w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3-300x37.jpg 300w" sizes="(max-width: 728px) 100vw, 728px"></a></p> 
<h2 id="stablecoins-targeted-for-delisting">Stablecoins Targeted for Delisting</h2> 
<p>In a notification to users, Coinbase stated, “Due to MiCA regulations, Coinbase is implementing restrictions on stablecoin services that do not meet MiCA requirements.” Alongside USDT, Coinbase will delist Paxos Standard (PAX), PayPal USD (PYUSD), Gemini Dollar (GUSD), GYEN, and Maker Protocol’s DAI from its Coinbase Europe and Coinbase Germany platforms.</p> 
<p>While USDC and EURC remain compliant with MiCA regulations, Coinbase advises users to sell, convert, or transfer non-compliant assets off the platform before the restriction date.</p> 
<h2 id="mica-s-regulatory-deadline-approaches">MiCA’s Regulatory Deadline Approaches</h2> 
<p>The first phase of MiCA, launched in June 2024, introduced stricter guidelines for stablecoins, requiring full compliance by December 30. Coinbase is encouraging users to convert restricted assets into approved ones and has indicated it may reconsider delisted tokens if they achieve compliance in the future.</p> 
<p>Although MiCA regulators have not explicitly declared USDT non-compliant, Coinbase’s decision reflects its commitment to adhering to European regulatory standards. Tether has criticized the accelerated implementation of MiCA but expressed its dedication to developing compliant solutions for the region.</p> 
<p><img loading="lazy" decoding="async" class="size-full wp-image-76492 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/focusing-on-the-concept-of-delisting-by-Coinbase.-The-design-features-digital-tokens-such-as-Tether.webp" alt="Coinbase to Delist Six Stablecoins in Europe Amid MiCA Compliance Challenges = The Bit Journal" width="1792" height="1024" title="Coinbase to Delist Six Stablecoins in Europe Amid MiCA Compliance Challenges 52" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/focusing-on-the-concept-of-delisting-by-Coinbase.-The-design-features-digital-tokens-such-as-Tether.webp 1792w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/focusing-on-the-concept-of-delisting-by-Coinbase.-The-design-features-digital-tokens-such-as-Tether-300x171.webp 300w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/focusing-on-the-concept-of-delisting-by-Coinbase.-The-design-features-digital-tokens-such-as-Tether-1024x585.webp 1024w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/focusing-on-the-concept-of-delisting-by-Coinbase.-The-design-features-digital-tokens-such-as-Tether-768x439.webp 768w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/focusing-on-the-concept-of-delisting-by-Coinbase.-The-design-features-digital-tokens-such-as-Tether-1536x878.webp 1536w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/focusing-on-the-concept-of-delisting-by-Coinbase.-The-design-features-digital-tokens-such-as-Tether-860x491.webp 860w" sizes="(max-width: 1792px) 100vw, 1792px"></p> 
<h2 id="broader-market-impacts">Broader Market Impacts</h2> 
<p>MiCA’s implementation marks a pivotal moment for Europe’s crypto markets. Earlier this year, <strong>Circle</strong>, the issuer of USDC, secured a MiCA-compliant license, making it an attractive option for exchanges seeking stablecoins aligned with EU standards. Binance also recently partnered with Circle to promote USDC adoption, further underscoring the shift towards compliant assets.</p> 
<p>In September, a report by Consumers’ Research raised concerns about Tether’s transparency regarding dollar reserves, labeling USDT as potentially risky for consumers. Despite these criticisms, Tether has defended its practices but has yet to undergo a full audit by a reputable firm.</p> 
<h2 id="the-role-of-stablecoins">The Role of Stablecoins</h2> 
<p>Stablecoins like <a href="https://thebitjournal.com/biggest-underdog-rally-xrp-flips-usdt-avax-price-climbs-117-in-november-lnex-delivers-200-roi-at-presale/" target="_blank" rel="noopener">USDT</a> are pegged to fiat currencies at a 1:1 ratio, offering stability in the volatile crypto market. They serve as a digital representation of traditional money, enabling seamless transactions and value storage for users. However, regulatory compliance remains a critical factor for their continued adoption and support.</p> 
<p>For more insights and updates on the evolving crypto landscape, stay tuned to <strong>The Bit Journal</strong>.</p> 
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Coinbase to Delist Six Stablecoins in Europe Amid MiCA Compliance Challenges

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