$TRUMP 🚨 **BREAKING: Kraken to Delist USDT—Major Stablecoin Shake-Up!** 😱💔
In a surprising move, **Kraken** has announced the delisting of **Tether (USDT)** and several other stablecoins in the **European Economic Area (EEA)** due to new **Markets in Crypto-Assets (MiCA) regulations**. This decision is set to send ripples through the crypto space! ⚡️
### **Key Details:** 📝
🔹 **Delisting Timeline:**
- **Feb 13, 2025** – Margin pairs enter "reduce-only" mode.
- **Feb 27, 2025** – Spot trading becomes "sell-only."
- **Mar 24, 2025** – All trading ceases completely. 📅
🔹 **Stablecoins Affected:**
- **USDT (Tether)**
- **PYUSD (PayPal USD)**
- **EURT (Euro Tether)**
- **TUSD (TrueUSD)**
- **UST (TerraUSD)**
Users will need to adjust their holdings before the deadline! 📉
🔹 **Regulatory Push:**
Kraken’s move aligns with the EU’s stricter regulations on stablecoins, aiming to enhance **compliance and consumer protection**. This marks a major shift in the regulatory landscape! 🏛️
### **Why It Matters:** ❓
💥 **Market Impact:** The removal of **USDT**, one of the most widely used stablecoins, could cause market volatility, affecting liquidity and trading strategies. 💔
⚠️ **Action Required:** Kraken users must **convert their holdings to compliant assets** before the deadline. Any remaining balances may be **automatically converted after March 31, 2025**. ⏳
### **What’s Next?** 🤔
As Kraken leads this transition, the crypto community is left wondering:
**Will other exchanges follow suit?** Stay tuned for further developments! 🚀
