🚨 Kraken Considers Removing Support for USDT in Europe!🌍

🔹 Kraken is exploring the possibility of ending support for the Tether (USDT) stablecoin in the European market in light of the upcoming EU MiCA regulations for cryptoassets.

🔹 The change is part of a compliance process with the regulations, which are set to go into effect on June 30, 2024.

📉 Kraken’s decision to potentially delist USDT follows a similar move by OKX, which ended support for USDT trading pairs on its European platform in March.

💱 Tether is currently the largest stablecoin pegged to the US dollar, with a market capitalization of over $110 billion, accounting for 68.7% of the $160 billion market.

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