Kraken is considering removing support for Tether (USDT) in the EU due to upcoming regulations.
đȘđș The EU's new MiCA rules, effective from July, will restrict stablecoins like USDT, which are crucial for traders to move assets and avoid volatility.
đ Tether expects exchanges to focus on EUR liquidity for EU customers. OKX has already limited USDT trading in the EU but allows deposits, withdrawals, OTC transactions, and EUR exchanges.
đ Kraken's decision will depend on the finalized guidelines from the European Banking Authority. Tether's CEO, Paolo Ardoino, has expressed concerns about MiCA and will continue discussions with regulators.
