Uphold: From July 1st, the platform will stop supporting multiple stablecoins such as USDT and DAI
2024-06-18 05:09:08
New York-based cryptocurrency exchange Uphold has announced that it will stop supporting multiple stablecoins as of July 1 due to the upcoming Crypto Asset Markets (MiCA) regulation in the European Economic Area (EEA), which will be implemented on June 30. Affected stablecoins include USDT, DAI, FRAX, GUSD, USDP, and TUSD. Uphold advises users to convert their holdings of related stablecoins by June 27 to avoid automatic conversion to USDC on June 28.
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