Ceasing USDC Rewards in EEA: Coinbase will end its USDC rewards program for users in the EEA, an action that correlates with new regulations impacting the digital asset market. Previously, the program allowed users to earn daily interest on their held USDC.

New Regulations in Europe: The MICA regulations aim to standardize cryptocurrency operations in Europe, imposing stricter requirements on market resilience and consumer protection, while increasing transparency in the digital asset market.

Commitment to Regulatory Compliance: Although the removal of rewards may disappoint some users, Coinbase remains committed to local regulations and is exploring new ways to enhance user experience.