Coinbase’s One-Time MiCA Stablecoin Conversion Runs Friday for EEA Users

Any of 14 stablecoins still sitting in EEA retail Coinbase accounts on Friday, Oct. 30 , will be swapped out by Coinbase (COIN), which says in a help-center notice that the tokens fall short of the EU’s Markets in Crypto-Assets ( MiCA ) rules. The tokens include Tether’s USDT , PayPal’s PYUSD , World Liberty Financial’s USD1 , Sky’s USDS and DAI , along with Paxos’ PAX and gold-backed PAXG, plus GUSD, GYEN, BUST, UST, RAI, MUSD and TGBP. Buying, selling and converting all of them on Coinbase in the European Economic Area is already restricted.

Source: Unchained