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Coinbase and Binance launch MiCA-compliant EUR stablecoins

Coinbase and Binance introduce MiCA-compliant EUR stablecoins with zero-fee trading options. Meanwhile, the SOL spot ETF faces approval challenges. Binance's DOGS listing sparks retail interest.

Coinbase and Binance launch MiCA-compliant EUR stablecoins

Coinbase and Binance listed different EUR stablecoins

Coinbase will enable conversions between the fiat euro and the euro-pegged stablecoin EURC at a 1:1 ratio in supported jurisdictions on Aug. 28. EURC is pegged to the euro's value, just like USDC is designed to be pegged to the dollar's value. According to an email from Coinbase, EURC is compliant with the European Union's new Markets in Crypto Assets regulation, commonly known as MiCA. The conversions available on Coinbase Advanced will have no associated fees.

On the same EUR stablecoin topic, Binance will List Eurite (EURI) and promote it by 0 fee trading campaign, which is also a MiCA compliant EUR stablecoin.

SOL spot ETF unlikely coming

According to Eric Balchunas, the Solana ETF filings never made it past Step 2 (the SEC failed to ack them).

So the exchanges withdrew 19b-4s though the issuers' S-1s are still active.

Unless there's change in leadership, SOL spot ETF is unlikely approved.

DOGS listed on Binance

Who can say no to active retail flow? Binance joins the other large exchanges to list DOGS and put on Launchpool. With TON, NOT and DOGS all listed on Binance, it almost seems like a honeymoon between Binance and TON.

There will be an overlapping period with TON's launchpool where by default 50% staked BNB goes to TON and 50% BNB goes to DOGS.

TON: Aug.15-Sept.3

DOGS: Aug.23-Aug.25

My personal guess on the price trend will be similar to NOT, where it'll be dumped hard in the beginning, then price will go up.


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