Kraken's Evaluation of Removing USDT Support in the EU Amid New MiCA Regulations

Kraken Considers Removing USDT Support in the EU

Kraken is evaluating various scenarios in Europe and may delist USDT if compliance becomes unsustainable. The exchange is closely monitoring European regulatory positions to align with the forthcoming MiCA rules.

Stablecoin Guidelines by European Banking Authority

Since last year, EBA has advised stablecoin issuers to adhere to preliminary guidelines. The uncertainty surrounding these guidelines has prompted exchanges like Kraken and OKX to reevaluate their support for USDT.