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

JH Kim

Summary

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.

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.