Kraken Considers Delisting Tether Ahead of EU's MiCA Regulations
Kraken may drop Tether's USDT in Europe due to impending MiCA regulations, amid regulatory scrutiny and compliance uncertainties.

Kraken may drop Tether's USDT in Europe due to impending MiCA regulations, amid regulatory scrutiny and compliance uncertainties.
Tether Treasury's substantial transfer of USDT tokens to Bitfinex, valued at $229,956,875, has stirred interest within the crypto community. As the market reacts to Bitcoin's recent swings and Tether's significant move, the impact on overall market dynamics remains to be seen.
USDT is also present on Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, Tron, and Kava
Tether has also recently clarified that its cash reserves for issuing USDT to Alameda were not on Alameda's balance sheet.
The order relates to a lawsuit that alleges unbacked USDT issuances have caused $1.4 trillion in damage to the market.
Tether said the hedge funds that saw Terra’s collapse as a reason to short USDT have “a fundamental misunderstanding of both the cryptocurrency market and Tether."
Newly surfaced reports revealed that some hedge funds are now shorting Tether USDT. A Monday report from the Wall Street ...
The asset will also be available on twelve other networks, including Ethereum, Solana and Polkadot, among others.
With a peso-backed stablecoin, Tether is essentially “recreating the foreign exchange market with a Tether product,” Ardoino said.
Tether has yet to issue a statement explaining exactly why it blacklisted the three addresses, but it has done so before to comply with law enforcement and to assist the exchange after a cyberattack.