Kraken considers ending USDT support in the EU
Kraken is reportedly considering pulling support for the stablecoin USDT in Europe. The exchange’s plans come amid the push for compliance ahead of EU’s crypto regulations MiCA. Crypto exchange OKX ended its USDT trading support in the EU in March. Kraken is considering a move that would see the crypto exchange end its support for the Tether (USDT) stablecoin in Europe. A Bloomberg report published on Friday, May 17, noted that the crypto exchange was “actively reviewing” this position. Kraken eying USDT delisting ahead of EU’s MiCA rules According to the report, Kraken is looking at ending USDT support for the market ahead of the region’s Markets in Crypto-Assets (MiCA) regulation roll out date. The delisting of USDT for the exchange’s EU users is part of the compliance procedure. Crypto exchanges and other providers with operations in the EU know that MiCA’s stablecoin rules are set to come into effec...