OKX Europe Enables USDC Conversion Ahead of MiCA Deadline

OKX Europe has started allowing users in the European Economic Area to convert their USDT holdings into MiCA-compliant stablecoins like USDC and USDG. This move comes ahead of the July 1, 2026 deadline when licensed platforms in the EU will no longer be permitted to offer non-compliant stablecoins to European users.

Tether, the issuer behind USDT, has not pursued MiCA authorization and shows no signs of changing course. OKX Europe secured its MiCA Crypto-Asset Services Provider license on January 27, 2025, and now fully supports USDC and USDG for deposits, trading, and related services.

The conversion feature gives European customers a voluntary path to move their USDT into compliant alternatives. To sweeten the transition, OKX is offering up to an 8% deposit bonus for assets moved from non-MiCA platforms starting from the enforcement of the new regulations.