Coinbase has announced the delisting of USDT and several other stablecoins for EU users to comply with MiCA regulations.
https://talkimg.com/images/2024/12/12/ppEsJ.jpegThough 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 can also make clients who use their crypto space move out thereby causing them losses,
Because most people prefer to use USDT.
You can use a DeFi like uniswap to swap the USDT, then send it back to coinbase and convert to fiat. It's not such a tragedy that coinbase has removed USDT from their exchange.
