Kraken, a prominent cryptocurrency exchange, has confirmed that it has no plans to remove Tether's USDT stablecoin from its listings in Europe. Mark Greenberg, the company's global head of asset growth and management, clarified that Kraken is exploring various options to continue offering USDT under the upcoming regulatory framework. He also assured that the exchange will adhere to all legal requirements, even if it disagrees with them.

Greenberg's statement came after a report by Bloomberg suggested that Kraken was considering delisting USDT in the EU due to the upcoming Markets in Crypto-Assets (MiCA) regulations. The new rules require fiat-backed stablecoin issuers to register as electronic money institutions (EMIs) and meet other criteria. Greenberg emphasized that Kraken is committed to maintaining its offerings, including all relevant stablecoins, for its European customers.

Earlier, Marcus Hughes, Kraken's global head of regulatory strategy, hinted that the exchange might encounter situations where listing tokens like USDT in the EU is not feasible. However, a Kraken spokesperson later denied any plans to delist or alter USDT trading pairs, stating that the firm is constantly evaluating its global strategy and operations for compliance. Tether, the issuer of USDT, also expects EU exchanges to keep their USDT trading pairs despite regulatory changes.

Kraken's decision to retain USDT listing reflects a strategic approach to regulatory compliance amid evolving cryptocurrency regulations in Europe. The exchange is also working to relist certain coins previously delisted in Germany, demonstrating its commitment to maintaining a diverse range of offerings for its customers.

In summary, Kraken has clarified that it has no plans to delist USDT in Europe, and the exchange is exploring options to continue offering the stablecoin under the upcoming regulatory framework. This move reflects Kraken's commitment to maintaining its offerings and adhering to legal requirements, even if it disagrees with them.