Will Tether (USDT) Get Delisted In Europe?
With growing concerns revolving around the reliability and compliance regulations of stablecoins, some crypto exchanges opt to delist some of them. Will this be the case for Tether in Europe?
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Amidst growing concerns regarding the reliability and regulatory compliance of stablecoins like Tether. Kraken’s position on this matter holds significant weight in the crypto ecosystem as regulatory scrutiny intensifies. What will this leading cryptocurrency exchange state about the news concerning the delist Tether (USDT) in Europe?
Will Kraken delist Tether?
A spokesperson for Kraken has confirmed that the exchange will continue to support Tether and its trading partners in Europe. Contrary to earlier reports, Kraken has no intention of delisting Tether or altering its USDT trading pairs at this time.
Previous reports suggested that Kraken was considering withdrawing support for Tether in response to the evolving regulatory landscape, specifically the proposed Markets in Crypto-Assets (MiCA) legislation. Kraken's recent announcement clarifies that they are committed to adhering to stringent compliance norms while supporting USDT.
Kraken's acquisition of TradeStation Crypto, a digital assets division of TradeStation Group under Monex Group, highlights its strategic intent to expand and comply with regulatory requirements. This acquisition is part of Kraken's broader strategy to enhance its market presence and regulatory compliance in the United States.
How to get USDT in Europe?
Kraken is strategically prioritizing EUR liquidity to better serve its European customers. While this might include reassessing support for USDT, Kraken currently has no plans to delist the stablecoin. This approach aligns with industry trends where other exchanges, like OKX, have made similar moves due to regulatory changes affecting USDT operations in the EU.
A Kraken representative expressed optimism about the acquisition, noting its potential to drive further growth and introduce new product opportunities in the American market. This move underscores Kraken's commitment to expanding its regulatory footprint and offering innovative products.
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