Uphold, a Ripple On-Demand Liquidity (ODL) partner, announced the delisting of multiple stablecoins, including Tether (USDT), TrueUSD (TUSD), and Dai (DAI), in preparation for the new Markets in Crypto Assets (MiCA) regulation effective June 30, 2024. Customers are advised to convert their stablecoins to USD Coin (USDC) by June 27, 2024, to comply with MiCA requirements. This decision mirrors actions taken by other major exchanges like Binance, OKX, and Kraken, adjusting their operations for regulatory compliance.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.