Kraken is "assessing" the situation of USDT under the new EU regulations, including the possibility of not being able to list it

ChainCatcher news, according to Bloomberg, Kraken is actively evaluating a range of plans that may include removing USDT from its exchange under the new digital asset regulatory framework of the European Union. USDT is expected to be affected by the upcoming EU rules known as MiCA. These guidelines have not yet been finalized by the European Banking Authority, but they will impose restrictions on stablecoins offered to investors within the EU.

Kraken's Global Head of Regulatory Strategy, Marcus Hughes, stated in an interview on Thursday: "We are absolutely preparing for all possibilities, including the potential inability to continue listing certain tokens like USDT, which is something we are actively reviewing, and we will make clear decisions as the situation becomes more defined."

In response to a request for comments on Kraken's statements, Tether indicated that the company expects trading platforms to reasonably focus on euro liquidity for European customers while maintaining USDT as a solution for entering and exiting.