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. Holders who want to keep the tokens have to move them to an external wallet by Oct. 30; Coinbase says withdrawal is the only option left.

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