Uphold will end support for USDT, DAI and other stablecoins starting July 1

Odaily News New York cryptocurrency exchange Uphold announced that due to the upcoming Crypto-Asset Markets (MiCA) regulation in the European Economic Area (EEA) on June 30, the platform will stop supporting multiple stablecoins including Tether (USDT), Dai (DAI), Frax Protocol (FRAX), Gemini Dollar (GUSD), Pax Dollar (USDP) and TrueUSD (TUSD) from July 1. Uphold recommends that users convert the relevant stablecoins they hold before June 27 to avoid automatic conversion to USDC on June 28. (CryptoBriefing)