Coinbase to Auto-Convert USDT and 13 Other Stablecoins in…
By Karthik Subramanian
AI summary of the source article
Coinbase will automatically convert balances of 14 non-compliant stablecoins held by EEA retail customers into USDC or other assets on October 30, 2026. The action complies with the European Union's Markets in Crypto-Assets Regulation (MiCA).
Why it matters
The deadline illustrates how MiCA is reshaping stablecoin access and custody across regulated European cryptocurrency platforms.
Key facts
- Coinbase will convert 14 stablecoins, including USDT, PYUSD, and DAI, held by EEA retail customers on October 30, 2026.
- Unwithdrawn holdings will be converted at prevailing market rates into USDC or another supported currency.
- The decision follows an ESMA opinion requiring MiCA-authorised providers to halt services for non-compliant stablecoins.
Source excerpt · FinanceFeeds
Coinbase gives European customers a final withdrawal deadline as EU regulators tighten restrictions on non-compliant stablecoins, potentially triggering taxable conversions. Coinbase will automatically convert balances of 14 stablecoins held by retail customers in the European Economic Area (EEA) on October 30, 2026, as the cryptocurrency exchange moves to comply with the European Union's Markets…