Update: Kraken says it has no plans to delist USDT in Europe.

Kraken is exploring all options to continue offering USDT to EU customers.
Mark Greenberg, Kraken's Global Head of Asset Development and Management, confirmed this in a post on X.

Kraken is not looking to end support for Tether (USDT) in the European Union, a company official confirmed.

A Bloomberg report said on Friday that Kraken was “actively evaluating” plans to end support for the stablecoin in the European Union. The exchange According to an official, a clear position related to the regulations of Crypto Assets (MiCA) in the upcoming market implementation.

Kraken will continue to offer USDT to EU customers

Mark Greenberg, Kraken's global head of asset development and management, has now provided an update on the matter. He commented on the matter on Saturday.

In a post on X, Greenberg said the exchange has no plans to delist Tether. He also emphasized the role and importance of USDT as the world's largest stablecoin for Kraken's business and European clients.

“Let's be clear: [Kraken] USDT continues to be listed in Europe and we have no plans to delist at this time, Greenberg posted.

According to the update, Kraken is exploring all options for continued support of USDT. Greenberg added that the exchange seeks to comply with MiCA regulations.

We know our European customers value access to USDT, and we will continue to look at all options to offer USDT in the next regime. We certainly follow all legal requirements, even those we disagree with. “However, the rules are not yet finalized and we will continue to do everything we can to continue providing all relevant stablecoins to our European customers,” Greenberg said.

As mentioned in our previous report, EU MCA regulations are set to apply to stablecoin rules starting this July and to crypto exchanges by December 30, 2024.