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Retail users of Coinbase in the European Economic Area have until 30 October to withdraw 14 tokens the exchange no longer supports, Ambcrypto reported. The list includes Tether’s USDT, PayPal’s PYUSD, DAI, PAXG and WLFi’s USD1, alongside PAX, GUSD, GYEN, BUST, UST, RAI, MUSD, USDS and TGBP. Balances left after the deadline are converted automatically to USDC.
Buying, selling and converting the affected tokens has already been switched off for all affected retail users in the region, so holding them on Coinbase is no longer an option except to move them to a supported external wallet before the cutoff.
Also read: ESMA Sets January 8, 2027 Deadline for Non-Compliant Stablecoins
Key facts
- Retail customers in the European Economic Area have until 30 October to withdraw the 14 tokens.
- The MiCA transitional period for stablecoin issuers ended on July 1, 2026, and was not extended.
- Coinbase can no longer support stablecoins whose issuer is not MiCA-authorised.
- Residual balances after the deadline are converted automatically to USDC.
- Revolut also dropped USDT for European users after the July deadline.
What MiCA changed for stablecoin holders
The delisting follows the close of the MiCA transitional window this summer. When the €-bloc framework’s grace period for stablecoin issuers lapsed without an extension, exchanges operating under it could no longer list tokens from issuers lacking authorisation. Coinbase has framed the restrictions as a MiCA requirement rather than a commercial decision.
The same rule has reshaped the wider European market: Revolut removed USDT for European users after the July cutoff, a sign that the change is industry-wide rather than specific to one venue.
Also read: EU issuers push MiCA-regulated dollar stablecoins alongside euro tokens
Regulatory backdrop for Coinbase in Europe
The deadline lands a week after the Central Bank of Ireland fined Coinbase Ireland €3.25 million. According to Ambcrypto, the account meant to segregate customer money fell short every day for roughly 18 months, with the gap reaching €5.2 million at one point, and funds belonging to 30 large clients were mixed with Coinbase Inc.’s own cash.
The two entities are separate: the Irish arm handled e-money, while Coinbase’s MiCA license was registered in Luxembourg. Even so, the sequence puts Coinbase on both sides of European regulation within days — paying a fine to one supervisor and enforcing a neighbouring regime’s rules on its own users.
Why it matters
For European holders, the practical effect is a hard stop on holding these tokens on Coinbase; the choice is to move them out or accept an automatic swap into USDC. The list spans dollar stablecoins, a gold-backed token and several niche instruments, so smaller holdings are affected as well as major ones. It also concentrates liquidity in MiCA-compliant assets, a shift that began across European exchanges earlier this year.
What to watch
The immediate date is 30 October, when the withdrawal window closes and leftover balances are converted. After that, watch whether other European venues follow Coinbase and Revolut in dropping USDT and the remaining non-authorised stablecoins.
This article is informational and is not financial advice. Crypto markets are volatile, and holders should verify their own positions and options before the deadline.
Reported by ambcrypto.com.
Source: AMBCrypto