Summary
- Coinbase will delist certain stablecoins in the European Economic Area by the end of the year.
- This is due to new regulatory framework introduced in early 2023 called Markets in Crypto-Assets (MiCA) regulation.
- The regulation requires strict transparency, liquidity, and consumer protection standards for stablecoin issuers.
- Coinbase plans to offer impacted EEA customers the option to switch to authorized issuers like Circle’s USDC and EURC.