Coinbase is set to delist stablecoins from its platform in the European Union by December. This action primarily targets stablecoins like Tether, which have not obtained the necessary e-money license in the EU. Tether is the largest stablecoin issuer and its delisting could have significant implications for the stablecoin market in Europe.
The move underscores the importance of regulatory compliance for stablecoin issuers in the region, as the EU is tightening its stance on unregulated digital assets. Coinbase’s decision highlights the necessity for stablecoin providers to secure appropriate licensing to continue operations within Europe.
