SAN FRANCISCO, May 27, 2024 – Cryptocurrency exchange Kraken refuted reports suggesting plans to delist Tether’s USDT stablecoin in Europe.
Mark Greenberg, Kraken’s global head of asset growth and management, stated on May 18 that the exchange “continues to list USDT in Europe and we have no plans to delist at this time.”
His post on X read,
“Let’s be clear:
@krakenfx continues to list USDT in Europe and we have no plans to delist at this time.
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.””
This clarification follows reports that raised concerns that Kraken could potentially withdraw support for USDT in European markets due to upcoming regulatory changes.
The European Union’s Markets in Crypto-Assets (MiCA) framework is expected to introduce stricter requirements for stablecoin issuers.
Greenberg emphasized that Kraken will comply with all legal requirements, even those it may disagree with. He added that the MiCA regulations are still under development, and the company is exploring all options to continue offering USDT to European customers.
“We continue to do everything we can to continue to offer all relevant stablecoins to our European customers,” Greenberg said.
