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"Kraken to Halt Trading of Tether (USDT) and Other Stablecoins in the EEA"

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JH Kim
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  • Kraken announced plans to halt support for trading Tether (USDT) and other stablecoins within the European Economic Area.
  • This measure is in response to the implementation of the European crypto regulation MiCA, which is set to be enforced by March 31, 2024.
  • The decision is expected to significantly impact the stablecoin trading environment in Europe.
STAT AI Notice
  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

According to the Unfolded X (formerly Twitter) account, the cryptocurrency exchange Kraken announced that it will cease support for trading Tether (USDT) and other stablecoins within the European Economic Area (EEA) by March 31, 2024, in response to the implementation of the European crypto regulation MiCA.

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