Coinbase sets Oct. 30 MiCA deadline for 14 stablecoins in EEA
- —Restricted list includes USDT, PYUSD, USD1, DAI, PAX, GUSD, GYEN, UST, PAXG and USDS
- —The EU transitional period for stablecoin issuers expired on July 1, 2026
- —ESMA's Oct. 8 opinion told licensed firms to halt services involving non-compliant stablecoins
- —Recovery after the deadline is not guaranteed; a 5% fee applies above $100
Why it matters: The forced conversion into USDC strengthens Circle in Europe at Tether's expense and may accelerate USDT's exit from regulated EU venues.
Source: CryptoSlate