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Uphold: Starting from July 1, the platform will stop supporting multiple stablecoins such as USDT and DAI

CointimeCointime2024/06/18 05:46
By:Cointime

On June 18th, Uphold, a cryptocurrency exchange in New York, announced that due to the implementation of the Market in Crypto-Assets (MiCA) regulation in the European Economic Area (EEA) on June 30th, the platform will stop supporting multiple stablecoins from July 1st. The affected stablecoins include Tether (USDT), Dai (DAI), FraxProtocol (FRAX), GeminiDollar (GUSD), PaxDollar (USDP), and TrueUSD (TUSD). Uphold recommends that users convert their relevant stablecoins before June 27th to avoid automatic conversion to USDC on June 28th.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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