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BREAKING: You Won’t Believe What Just Happened to the Most Infamous Stablecoin on the Planet – EU Crackdown Looms

A split-screen illustration depicting Coinbase's European headquarters on one side with a red 'X' marked through it and USD Coin (USDC) logo shining bright next to it, while Tether’s USDt is shown as an uncertain figure hovering above a broken chain in the background. A faint image of Paolo Ardoino can be seen looking worried from behind his desk.

Tether’s USDT: The Unstable Stablecoin That Needs to Get Its Act Together (or Lose It in Europe).

Source: cointelegraph

Coinbase is preparing to delist noncompliant stablecoins in Europe by the end of 2024, but there is still no clarity regarding the status of Tether’s USDt, the world’s largest stablecoin. Coinbase told its European customers on Oct. 4 that it would restrict services for stablecoins that “do not meet requirements” of the European Union’s Markets in Crypto-Assets Regulation (MiCA). Coinbase will offer stablecoin options, including USD Coin (USDC), which it […]

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