Kraken delists Tether USDT and 4 other stablecoins in Europe

Kraken will delist Tether's USDT and four other stablecoins in Europe to comply with MiCA regulations, taking a phased approach to minimize market disruption.

The cryptocurrency exchange Kraken is complying with European cryptocurrency regulations by preparing to delist five stablecoins, including Tether's USDt.

Kraken will completely delist USDT on March 31 to comply with the European Union's Markets in Crypto-Assets Regulation (MiCA), according to the exchange's official announcement.

In addition to USDT, the exchange will gradually remove support for PayPal USD, Tether EURt (EURT), TrueUSD, and TerraClassicUSD (UST) in the European market.

The company stated: "These changes ultimately ensure that Kraken remains compliant and can provide an exceptional trading experience for European customers in the long run." #Kraken