Stable Standard - Week of September 29, 2024

EU regulations shake up Tether, financial giants embrace stablecoins, and Africa leads in crypto adoption

Source - Chainalysis Sub-Saharan Africa Report 1. 🚫 Coinbase Delisting of Tether in EU Markets Coinbase announced this week that they will be delisting USDT from their EU platforms by December 20th because Tether currently does not have the proper licenses to be compliant with MiCA regulation. Markets in Crypto Assets (MiCA) regulation, which began to take effect in June of 2024, requires that stablecoins tradeable in EU markets must have authorization from at least one EU country to be compliant, among other requirements. In a press release by Crypto Briefing, Tether mentioned that they…

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