Summary
CryptoSlate reports that Coinbase will automatically convert 14 MiCA-restricted stablecoins and related assets held by European Economic Area clients on October 30, 2026, including USDT, PYUSD, USD1, DAI, PAX, GUSD, GYEN, BUST, UST, RAI, PAXG, MUSD, USDS and TGBP. Balances not withdrawn before the…
Key points
- European users holding non-compliant stablecoins need to act, or their assets will be automatically converted.
- This is the first concrete user-facing forced conversion after the MiCA transition period ended, showing compliance pressure reaching retail accounts.
- European users must adjust holdings or withdraw before the deadline, and stablecoin options in payment and wallet products will narrow accordingly.
Editorial note
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