As a researcher with experience in the cryptocurrency industry, I find Kraken’s denial of rumors about delisting Tether (USDT) reassuring. European clients have shown significant demand for USDT, and Kraken values their access to this leading stablecoin. Mark Greenberg’s statement that they will explore all options to keep offering USDT is a positive sign.
Cryptocurrency exchange Kraken has denied rumors about the potential delisting of Tether (USDT).
Mark Greenberg, the head of Kraken’s asset growth and management on a global scale, has clarified that Kraken has no intention of dropping its backing for the dominant stablecoin.
European clients highly prioritize having access to USDT, and the exchange is committed to exploring every possible avenue to continue providing this prominent stablecoin.
“I firmly commit my team to adhering to all current legal requirements, despite any disagreements we may have. However, the regulations are still under development, and we remain proactive in providing our European customers with access to all relevant stablecoins.”
As a researcher studying the crypto market, I came across a recent report by Bloomberg indicating that Kraken is currently assessing the regulatory standing of Tether (USDT) within the European Union under the proposed Markets in Crypto-Assets Regulation (MiCA) framework. According to Marcus Hughes, Kraken’s global head of regulatory strategy, maintaining USDT on the exchange could potentially become challenging or even unfeasible in light of future regulatory developments.
Recently, Tether’s CEO, Paolo Ardoino, engaged in a public debate with Brad Garlinghouse of Ripple over Garlinghouse’s claim that Tether is under investigation by the US government.
Ardoino countered Garlinghouse’s allegations about Tether instilling fear, instead highlighting its ongoing cooperation with law enforcement. Garlinghouse, however, insisted that his remark did not target Tether as a stablecoin issuer.
According to data from CoinGecko, the market capitalization of Tether’s leading stablecoin, USDT, is now approximately $111 billion.
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2024-05-19 12:47