Crypto : Kraken Removes USDT And Aims For An In-house Stablecoin
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The crypto platform Kraken is preparing to withdraw USDT from Tether in Europe due to new rules imposed by the MiCA law. Faced with this constraint, the exchange is considering launching its own stablecoin pegged to the US dollar. A strategic move that could reshape the stablecoin market and challenge Tether’s hegemony!
Kraken forced to withdraw USDT under the pressure of the crypto law MiCA
The regulatory framework MiCA is gradually coming into effect in the European Economic Area (EEA). It imposes strict rules on stablecoins. Its objective? To enhance transparency…
