<ul><li>Uphold will delist USDT, DAI, FRAX, GUSD, USDP, and TUSD by July 1, 2024, ahead of MiCA regulations.</li><li>Customers must convert the stablecoins by June 27, 2024, or they will be automatically converted to USDC.</li><li>MiCA regulations, effective June 30, 2024, require stablecoin issuers to obtain EMI or credit institution licenses in the EU.</li></ul>Uphold, a crypto exchange based in New York and a Ripple On-Demand Liquidity (ODL) partner, has announced plans to delist several stablecoins. The affected stablecoins include Tether (<a href="https://coinmarketcap.com/currencies/tether/" rel="noopener noreferrer nofollow">USDT</a>), Dai (DAI), Frax Protocol (FRAX), Gemini Dollar (GUSD), Pax Dollar (USDP) and TrueUSD (TUSD). This decision is a response to the forthcoming Markets in Crypto Assets (MiCA) regulations set to take effect in the European Economic Area (EEA).Ripple’s CBDC Strategic Advisor Announces the Stablecoin DelistingAntony Welfare, the CBDC Strategic Advisor at Ripple, shared the <a href="https://x.com/AntonyWelfare/status/1802790828991021286" rel="noopener noreferrer nofollow">announcement</a> about Uphold’s delisting plans. According to the notice, the delisting of these stablecoins will be effective from July 1, 2024. Customers holding any of these stablecoins are advised to convert their assets by June 27, 2024. If not converted by this date, the stablecoins will automatically be converted into USD Coin (USDC) on June 28, 2024. This measure ensures compliance with the MiCA regulation and provides customers with a clear timeline to manage their assets accordingly.<a href="https://cryptotale.org/ripple-partner-uphold-announces-delisting-of-major-stablecoins-by-july-2024/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Ripple Partner Uphold Announces Delisting of Major Stablecoins by July 2024

CryptoTale

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