Coinbase to Restrict USDT, PAX, PYUSD, GUSD, GYEN, and DAI in Europe Due to MiCA Regulations

Coinbase has just notified its European users of the following:

"Starting December 13, 2024, Coinbase will restrict services for USDT, PAX, PYUSD, GUSD, GYEN, and DAI for retail customers in Europe under MiCA regulations. Affected users can:

1. Sell or convert these assets to USDC or EURC (which are MiCA-compliant).
2. Transfer the restricted stablecoins to self-custody wallets before the deadline.

After this date, trading, custody, and receiving these assets on Coinbase will be unavailable. The platform may reintroduce services for compliant stablecoins in the future."