Official announcements from Tether Holdings Ltd. or EU regulatory bodies

Coinbase to Delist Non-Compliant Stablecoins Including Tether’s USDT in EU by December 30

Oct 4, 2024, 12:49 PM

Coinbase Global Inc., a leading cryptocurrency exchange, announced that it will delist all unauthorized stablecoins from its platform in the European Economic Area by December 30, 2024. This move is in response to the European Union's new Markets in Crypto-Assets (MiCA) regulations, which require stablecoin issuers to obtain proper authorization to operate within the region. The delisting will impact stablecoins that do not meet MiCA requirements, including Tether Holdings Ltd.’s USDT, which currently lacks a license in the EU. Coinbase aims to ensure compliance with the new regulatory framework as the EU prepares for the implementation of MiCA. Following the announcement, Coinbase shares rose 2.5% in pre-market trading.