Kraken Backtracks on Delisting USDT in Europe to Prioritize Users Preference
- Kraken’s asset management head, Mark Greenberg, confirms that USDT will remain listed in Europe.
- The statement contrasts an earlier one from Kraken’s head of regulatory strategy.
- Greenberg noted Krakens’ European clients have a high preference for USDT and will therefore honor the preference.
Mark Greenberg, the global head of Kraken’s asset management business, has clarified that the exchange will continue to list Tether’s USDT stablecoin in Europe, stressing that there are no plans to delist it now.
Greenberg made this remark in a May 18 post on his X social media account. The clarification comes after Coin Edition reported that Kraken is considering delisting USDT stablecoin from its European platform.
During a recent interview, Marcus Hughes, Kraken’s global head of regulatory strategy, confirmed the delisting likelihood. Hughes noted the action would be based on the upcoming MiCA regulations from the European Union. In his words:
“We’re absolutely planning for all eventualities, including situations where it’s just not tenable to list specific tokens such as USDT. It’s something that we’re actively reviewing, and as the pos…
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