User disappointment: Coinbase users in the EEA express disappointment as the exchange announces the end of the USDC yield program, a decision that surprises many.
MiCA regulations: The MiCA regulations, effective from June 2023, require cryptocurrency companies to stop offering interest on stablecoins. This places significant pressure on companies like Coinbase.
Expert feedback: David Schwartz, CTO at Ripple Labs, criticized MiCA regulations, arguing they hinder innovation and consumer benefits.
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