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 Crypto Exchange Uphold Ceases Support for Multiple Stablecoins Ahead of MiCA Regulations: https://yakihonne.s3.ap-east-1.amazonaws.com/953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7/files/1717417638348-YAKIHONNES3.jpg 
Uphold will cease support for several stablecoins ahead of the upcoming Markets in Crypto-Assets (MiCA) regulation governing crypto in Europe.

Antony Welfare, a CBDC advisor at Ripple, shared a notice Tuesday showing Uphold will no longer support stablecoins like DAI, FRAX, GUSD, USDP, TUSD, and USDT. Instead, Uphold will continue to support USDC, EURC, and PYUSD, according to the notice. 
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 Uphold, a crypto exchange headquartered in New York and a Ripple On-Demand Liquidity (ODL) partner, has announced plans to remove support for multiple stablecoins. The affected stablecoins include Tether (USDT), Dai (DAI), and Frax Protocol (FRAX). This move is in anticipation of the forthcoming Markets in Crypto Assets (MiCA) regulations set to take effect in the European Economic Area (EEA) on June 30, 2024 
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