Kraken Has No Plans To Delist Tether’s USDT From European Crypto Exchanges, According to Executive

An executive of US-based crypto exchange Kraken is denying previous reports that the company is planning to pull the plug on leading stablecoin Tether (USDT) in the European Union (EU).

Reports of Kraken reviewing its USDT support come amid concerns that the EU may ban the largest stablecoins – USDT, USDC, and BUSD because they do not comply with the Markets in Crypto-Assets (MiCA) regulations.

In a statement on social media platform X, Kraken’s global head of asset growth and management business Mark Greenberg dismisses claims that the company is mulling over pulling out support for USDT in its European platforms. 

“Let’s be clear: Kraken continues to list USDT in Europe and we have no plans to delist at this time.”

He says Kraken is taking action to ensure that USDT will be available to its EU customers under MiCA, which will be in full effect by December 2024.

The new regulatory regime gives EU member countries a uniform legal framework for governing the digital assets market. The law covers supervision, consumer protection and environmental safeguards of crypto assets as well as measures to reduce financial crimes.

Says Greenberg,

“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 requirements, even those we disagree with. But the rules are not finalized yet and we continue to do everything we can to continue to offer all relevant stablecoins to our European customers.”

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Yueh Chiang

Recommended For You

About the Author: Daniel