Kraken is evaluating whether to remove USDT under new EU regulations

Odaily News Kraken is actively evaluating a series of plans that may include removing USDT from its exchange under the European Union's new digital asset regulatory framework. It is reported that this new system will officially take effect in the European Union in July. Tether Holdings Ltd.'s stablecoin USDT is expected to be affected by the upcoming EU regulation MiCA. Although the guidance has not yet been finalized by the European Banking Authority, the stablecoin industry has already felt the potential impact. (Bloomberg)