Crypto.com Will Suspend Tether, PayPal Stablecoin Services in Europe Due to MiCA

Q: How long will it take to read this news story?

The story "Crypto.com Will Suspend Tether, PayPal Stablecoin Services in Europe Due to MiCA" has 243 words across 28 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Crypto.com Will Suspend Tether, PayPal Stablecoin Services in Europe Due to MiCA" was covered 1 days ago by CoinDesk, a news publisher based in United States.

Q: How trustworthy is 'CoinDesk' news outlet?

CoinDesk is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news. The outlet is headquartered in United States and publishes an average of 22 news stories per day. It's most recent story was published 11 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #25603584</li><li>URL: https://beamstart.com/news/cryptocom-will-suspend-tether-paypal-1738150611131</li></ul>

CoinDesk 1d ago

Crypto.com Will Suspend Tether, PayPal Stablecoin Services in Europe Due to MiCA - CoinDesk

Quick Summary:

From Jan.31, Crypto.com will no longer offer certain services from stablecoins, like Tether USDT, Paypal USD, Pax dollar, alongside Crypto.com Staked ETH and Crypto.com Staked SOL.

As some LSTs may qualify as Asset Reference Tokens (ART) under MiCA regulatory definitions, Crypto.com has chosen to delist these assets, they added.

CoinDesk reached out to Tether, Paypal and Paxos for a comment.