Coinbase sets three-day stablecoin deadline tied to MiCA rules
Coinbase has set a three-day deadline for USDT, PayPal and Trump-linked stablecoins under MiCA. Affected retail balances will be converted at market rates, with USDC used where suitable. Traders holding these stablecoins on Coinbase may need to plan for the switch.
Why it matters
- Affected retail balances will be converted at market rates, so conversion prices may matter.
- USDC will be used where suitable, which could shift demand between stablecoins on the platform.
- Late deposits are excluded, so timing matters for anyone sending funds during the deadline window.
What to watch next
Watch whether Coinbase's three-day deadline passes as scheduled and how USDT and USDC trade during the conversion period.
