Kraken Delists USDT in EEA

Kraken to Delist Non-MiCA-Compliant Stablecoins in EEA by March 31, 2025

• Kraken will delist USDT and four other stablecoins in the EEA due to MiCAR regulations.
• The affected stablecoins include PayPal USD (PYUSD), Euro Tether (EURT), TrueUSD (TUSD), and TerraUSD (USDT).
• The delisting process starts on February 13, 2025, with margin pairs set to “reduce-only” for EEA clients.
• Spot trading will shift to “sell-only” mode by February 27, and halt completely on March 24, 2025.
• Remaining holdings will be automatically converted by March 31, 2025.

Kraken’s decision to delist USDT and other stablecoins aligns with upcoming MiCA regulations, beginning the phased process in February and concluding with automatic conversions by March end.