Cryptocurrency exchange Coinbase has delisted the $USDT stablecoin due to its non-compliance with MiCA regulations in Europe, while leading blockchain platform Algorand is moving forward with $EURD and $USDCa, which are MiCA compliant. The platform announced the achievement on its official social media account. The Algorand Foundation noted that the delisting is aimed at reforming the broader digital asset landscape across Europe.
The introduction of $EURD and $USDCa provides a regulated and secure experience for users in Europe. $USDCa Algorand is released by Circle as a fully compatible version of the widely known USDC coin. Technical advantages of the Algorand blockchain include fast transfer finality, widespread support on Binance and Coinbase, and low fees. These factors make $USDC a very attractive option for European residents who are looking for dollar-based stablecoins.
In addition to $USDCa, Algorand also offers $EURD Quantoz. This is a fully regulated digital version of the euro. $EURD maintains a 1:1 peg to the euro without charging transfer fees. This makes it a preferred choice for daily and micro transfers. With two stablecoins, Algorand is among the leading players in the emerging crypto sector in Europe. These stablecoins offer secure, scalable, and compliant digital assets.
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