CRYPTO - Coinbase has announced the removal of Tether (USDT) and five other stablecoins from its European platforms starting December 13, ahead of the implementation of the MiCA regulation.
The decision, which affects Coinbase Europe, Coinbase Germany, and Coinbase Custody International, specifically concerns USDT, PAX, PYUSD, GUSD, GYEN, and DAI. However, the exchange will continue to support USD Coin (USDC) and the euro-pegged stablecoin EURC, which are jointly managed by Coinbase and Circle.
Tether is the second most traded asset on Coinbase after Bitcoin, accounting for over 12% of total trading volume and daily transactions exceeding $1 billion.