Kraken will suspend trading of stablecoins such as USDT, PYUSD, EURT, TUSD, etc. in Europe from February 13

On February 1st, it was reported that as the EU's cryptocurrency market regulatory agency came into effect, cryptocurrency exchange Kraken is preparing to delist several stablecoins for customers in the European Economic Area. The exchange announced that it will gradually remove margin trading restrictions on USDT, PYUSD, EURT, TUSD, and UST for EEA users starting on February 13th. Spot trading will stop on March 24th, and outstanding orders will be canceled, with assets no longer being exchanged for cryptocurrency or fiat currency.

Kraken stated that this move ensures compliance with MiCA and allows it to maintain long-term operations in Europe.