Kraken, a cryptocurrency exchange, has announced that it will delist Tether (USDT) and four other stablecoins in the European Economic Area (EEA) as part of preparations for upcoming regulatory changes under the Markets in Crypto-Assets (MiCA) regulation. The delisting will occur in phases and will be completed by March 31, 2025. Other stablecoins affected include PayPal USD (PYUSD), Euro Tether (EURT), TrueUSD (TUSD), and TerraUSD (USDT). This decision comes as major exchanges are taking proactive steps to comply with stricter regulations surrounding stablecoins in Europe. Users are advised to convert affected tokens to MiCA-compliant assets by the end of the first quarter to avoid automatic conversion.



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