Kraken, a cryptocurrency exchange, is preparing to delist five stablecoins, including Tether's USDt, to comply with new European crypto regulations. The delisting of USDt will be executed in stages, starting with margin pairs being set to 'reduce-only' mode for European Economic Area (EEA) clients on February 13, followed by a 'sell-only' mode by February 27. Full spot trading suspension will occur on March 24, with all remaining assets being converted to equivalent stablecoins by March 31, 2025. This move affects clients in the EEA, which comprises 30 countries, including Austria, Spain, and Sweden. The gradual approach aims to prevent market disruption, an effort echoed by the European Securities and Markets Authority (ESMA), which has urged exchanges to avoid abrupt delistings. Kraken emphasized that these changes will help maintain compliance and provide a stable trading environment.

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