Coinbase states that EEA users must withdraw 14 restricted crypto assets by October 30, 2026; otherwise, their remaining balances will be automatically converted to USDC at the prevailing market price.
For affected users, this deadline is not just another policy update—it’s a pivotal moment determining which assets will remain in their portfolios.
Coinbase's October deadline leaves users with little time.
Under Coinbase's MiCA stablecoin restrictions, the affected assets include USDT, PAX, PYUSD, GUSD, GYEN, DAI, BUST, UST, RAI, PAXG, MUSD, USD1, USDS, and TGBP.
This list includes stablecoins and other tokens pegged to or backed by the U.S. dollar, with issuers such as Tether, PayPal, and World Liberty Financial. Coinbase stated that its decision is based on crypto regulatory requirements under the European Union’s Markets in Crypto-Assets Regulation (MiCA).
Trading and conversion options for these affected assets have been restricted. Therefore, for customers who wish to retain control of their holdings outside of Coinbase, withdrawal is now the only remaining option.
Why MiCA Compliance Is Changing How Stablecoins Are Accessed
MiCA introduces regulatory requirements that affect which crypto assets and services platforms can offer to customers across the EEA. Coinbase stated that it can no longer support stablecoins that do not comply with applicable requirements.
For holders, the practical consequence is straightforward: if affected balances remain on the exchange after October 30, you may lose the ability to decide when and how to convert these assets.
Deposits made after the deadline carry additional risk.
Coinbase will automatically convert any remaining affected balance to USDC at the prevailing market price on October 30, 2026. However, deposits received after the deadline will not be credited to user accounts or included in the automatic conversion process. Recovery is not guaranteed.
Overall, Coinbase’s MiCA stablecoin restrictions give affected customers a clear choice: withdraw supported assets before the deadline, or accept automatic conversion. Users holding these tokens should check their balances by October 30.
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