🚨 Kraken to Delist Tether USDT & 4 Other Stablecoins in Europe 🇪🇺

📌 Kraken is phasing out USDT and more to comply with MiCA regulations!

The popular cryptocurrency exchange Kraken has announced it will delist Tether’s USDT and four other stablecoins in the European Economic Area (EEA) to align with the Markets in Crypto-Assets Regulation (MiCA).

🔹 Stablecoins to be delisted:

✔ USDT (Tether USD)

✔ PYUSD (PayPal USD)

✔ EURT (Tether EURt)

✔ TUSD (TrueUSD)

✔ UST (TerraClassicUSD)

📅 Gradual Delisting Timeline:

🔸 Feb 13 – Margin trading set to "reduce-only" mode

🔸 Feb 27 – Affected tokens enter “sell-only” mode (no new deposits)

🔸 March 24 – Spot trading halted; all open orders closed

🔸 March 31 – Full delisting & conversion of remaining holdings

💡 What This Means for You:

🔹 European Kraken users must close or convert positions before deadlines

🔹 Any remaining assets will be automatically converted to a compliant stablecoin

🔹 Only clients in the EEA (30 countries, including Austria, Portugal, Sweden, and Spain) are affected

🚀 Stay Informed, Stay Compliant!

Kraken’s move aligns with regulatory efforts to ensure a smooth transition and avoid market disruptions. Other exchanges, like Crypto.com and Coinbase, are also adjusting to MiCA rules.