Why doesn't Coinbase support USDT?

Coinbase announced that it would delist USDT and other stablecoins that do not comply with the upcoming EU regulations. This decision was made to ensure compliance with the new regulatory framework, specifically the MiCA, which requires stablecoin issuers to obtain an electronic money license. As Tether, the issuer of USDT, has not obtained this license, Coinbase has decided to delist the coin to avoid any regulatory issues.