Uphold will delist six stablecoins, including #USDT, #DAI, #FRAX, #GUSD, #USDP, and #TUSD, by July 1 to comply with the EU's MiCA regulations.

Users must convert these stablecoins to another #cryptocurrency by June 28, after which Uphold will automatically convert them to #USDC.

MiCA regulations, effective June 30, impose stricter requirements on fiat-backed stablecoins, necessitating 1:1 liquid reserve backing and licensing for issuers.
#USDT #DAI #FRAX #GUSD #USDP #TUSD #cryptocurrency #USDC