Coinbase has announced the delisting of USDT and several other stablecoins for EU users to comply with MiCA regulations.
They can delist a crypto and relist it later, Coinbase are simply doing things to defend themselves first. When risk gone like Tether complies with MiCA, Coinbase will relist USDT for their users again.
Though Support for USDC and EURC are unaffected.
I think this could help coinbase gain some market share in that their own stable coin USDC will gain more traction and thereby increase revenue.
It's only about Compliance.
It can also make clients who use their crypto space move out thereby causing them losses,
Because most people prefer to use USDT.
Prefer USDT or not, prefer USDC or any other stable coin, people must know that all stable coins are risky.
PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets