Coinbase’s plans to delist non-compliant stablecoins put Tether's USDT at risk. As regulatory conditions tighten in the European Economic Area (EEA), Coinbase has announced its intention to remove all non-compliant stablecoins by the end of the year. This move is part of a broader effort to comply with the European Union's (EU) regulations.
In an effort to align with the EU framework, Coinbase Global is taking steps that coincide with the upcoming full implementation of the Markets in Crypto Assets (MiCA) regulations. Under these rules, stablecoin issuers are required to obtain e-money authorization in at least one EU member state.
The delisting of non-compliant stablecoins will likely have significant implications for the crypto market, especially for Tether's USDT. As exchanges adapt to the new regulatory landscape, the future of many stablecoins remains uncertain.
Several crypto exchanges have already taken similar actions in response to tightening regulations in the region, reflecting a broader push for compliance within the cryptocurrency industry.
