Coinbase to auto-convert USDT and DAI balances to USDC in EEA on October 30
- —Fourteen stablecoins affected, including USDT, DAI, PYUSD, GUSD, PAX and GYEN
- —Withdrawals are possible until October 30; leftover balances convert at market rate
- —The swap realises a euro-denominated gain or loss and resets USDC holding period
- —Germany's €1,000 annual exemption applies to all private disposals combined
Why it matters: EEA holders must act before October 30: withdraw to keep the original acquisition date or accept a taxable event on conversion.
Source: CryptoTicker