Kraken to keep USDT in the E.U. despite regulatory challenges
Despite regulatory challenges , Kraken, one of the world’s largest cryptocurrency exchanges, has no plan to delist Tether’s USD stablecoin (USDT). On May 19, Mark Greenberg, Global Head of Kraken’s Asset Growth & Management Business, communicated the company’s stance in a post on X amid rumors of a possible delisting. Greenberg recognized the demand for USDT from European customers, saying they would “look at all options” to keep it listed. Let's be clear: @krakenfx continues to list USDT in Europe and we have no plans to delist at this time. We know our European clients value access to USDT and we continue to look at all options to offer USDT under the upcoming regime. We will of course follow all legal… — Mark Greenberg (@marklg) May 18, 2024 However, the cryptocurrency executive warned that the company will follow all legal requirements, which have yet to be defined in Europe. Therefore, delisting USDT is still possible in th...