Kraken delisting USDT
Kraken is delisting USDT, EURT, PYUSD, UST, and TUSD for users in the European Economic Area (EEA) due to new regulatory guidance. Spot trading will be sell-only from February 27, and by March 31, all remaining balances will be auto-converted to USDC.
Even though this move is limited to Europe for now, I believe regulatory pressure on stablecoins will increase globally throughout 2025. If that happens, USDT could face even more challenges.
Personally, I only consider USDC relatively safe at this point, and I wouldn’t hold any other stablecoin this year. Stay informed and make sure you’re prepared.
Next bull run surely would not be driven by USDT – that is for sure. Also, while cashing out, consider choosing all types of stable coins to be on the safe side – FDUSD (binance backed), USDC (circle backed), TUSD, DAI and USDT.
2B $USDT burned at Tether Treasury – whales cashing out and exiting the market or something else? You decide.
Here is the link to the transaction https://t.co/T8eHDiIwDk
— Authority Capital (@emphatic) March 1, 2025
No stable coin is fully stable – case in point UST that was backed by FTX in 2021 and 2022 before it crashed down in a big way. A lot of whales nearly sold their USDT or swapped their USDT for other stable coins. May be the one in the circle know what is coming?