Kraken: No significant risk exposure to stablecoin exchange rates, USD funds are unaffected

ChainCatcher message, the official Twitter of the cryptocurrency exchange Kraken stated that Kraken's USD funds are unaffected. However, recent events should serve as a wake-up call, reminding that diversification and self-custody should be strengthened. Kraken has no significant risk exposure to stablecoin exchange rates, as Kraken does not believe stablecoins can be exchanged for fiat currency, but the threat from Operation Chokepoint 2.0 (referring to the attacks on the crypto business by all U.S. financial regulators over the past few months) still exists. (Source link)