Kraken is "actively evaluating" USDT under new European Union rules, including the possibility of being unable to list

Kraken is actively evaluating a range of plans that could include removing USDT from its exchanges under the European Union's new digital asset regulatory framework. It is reported that this new regime will officially come into effect in the European Union in July. Tether Holdings Ltd. 'stablecoin USDT is expected to be affected by the upcoming European Union regulation MiCA. Although the guidance has not yet been finalized by the European Banking Authority, the stablecoin industry is already feeling the potential impact.
Marcus Hughes, global head of regulatory strategy at Kraken, said in an interview on Thursday: "We are absolutely planning for all possible scenarios, including in the event that specific tokens such as USDT cannot be listed. This is something we are actively evaluating and can make a firm decision on as the situation becomes clearer."
In response to a request for comment on Kraken's remarks, Tether said it expected the exchange to "reasonably focus on providing euro liquidity to European clients while maintaining USDT as an entry and exit solution." This shows that despite regulatory pressure, Tether remains committed to providing users with a diverse range of service options.