Coinbase to halt USDC earn program on MiCA compliant regions
Author: Content Editor
Crypto exchange Coinbase will end its rewards program for USD Coin (USDC) holders in the European Economic Area (EEA) starting December 1 due to regulatory changes. The move is in response to the new requirements for e-money tokens under the upcoming Markets in Crypto-Assets (MiCA) regulation. Coinbase is among several crypto firms taking steps to comply with MiCA rules for stablecoins in the EEA. This follows similar actions by other platforms, including Bitstamp and Binance, that have delisted or limited services related to non-compliant stablecoins. Stablecoin issuer Tether has also announced measures to ensure regulatory compliance.