Tether’s USDT Faces Potential Delisting From Kraken’s Platform Within 2 MonthsIn…

🪙❌🐙Tether’s USDT Faces Potential Delisting From Kraken’s Platform Within 2 Months

In a move that could have significant implications for the global cryptocurrency market, the US-based crypto exchange Kraken is “actively reviewing” plans, including removing support for Tether’s USDT stablecoin within the European Union (EU).

The potential delisting comes as the EU prepares to implement a new regulatory framework, Markets in Crypto-Assets (MiCA), set to take effect in July. According to a Bloomberg report, the upcoming EU rules are expected to impact USDT, the world’s most-traded cryptocurrency.

https://bitcoinist.com/kraken-considers-delisting-tethers-usdt-stablecoin/

https://www.bloomberg.com/news/articles/2024-05-17/kraken-actively-reviewing-tether-s-status-under-new-eu-rules