Regulation· ★★★★· neutral·

Coinbase to convert non-MiCA stablecoins to USDC for EEA users by October 30

  • —Until October 30, EEA users can withdraw or swap USDT, DAI, PYUSD, PAX, GUSD, GYEN, USD1, USDS and PAXG
  • —After the deadline, leftover balances are converted at market rates, mainly into USDC
  • —USDC is the EU's first "significant" EMT; EBA takes over reserve oversight on November 12
  • —USDT's market cap is about $183 billion versus $72 billion for USDC
Why it matters: For EU investors, MiCA authorisation now outweighs market size: USDT is losing access at licensed providers.
#USDT#USDC#DAI#PYUSD
Source: CryptoTicker
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