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# MiCA News: Kraken Halts USDT and Other Digital Currencies in Europe
* Kraken is suspending USDT, PYUSD, and other stablecoins in Europe because of the new MiCA rules.
* The stablecoins involved will be entirely removed by the end of March.
* This action is a change from Kraken’s position in 2024, and they’re not the only ones – Crypto.com and Coinbase are adapting to MiCA as well.
The crypto exchange Kraken is preparing to eliminate several stablecoins for its European Economic Area (EEA) clients as the EU’s Markets in Crypto-Assets (MiCA) regulations are fully implemented.
In a declaration, the exchange declared it will progressively remove USDT, PYUSD, EURT, TUSD, and UST for EEA users, beginning with margin trading limitations on February 13.
Spot trading will cease on March 24, with active orders terminated and assets no longer exchangeable to crypto or fiat.
Kraken says this is to guarantee adherence to MiCA and sustain long-term operations in Europe.
MiCA is the EU-wide regulatory structure for crypto assets, imposing stringent requirements on stablecoin issuers. Under the regulations, only authorized e-money or credit organizations can issue fiat-backed stablecoins in the area.
This is a complete shift from their statement last year. In May, Kraken’s global head of asset management, Mark Greenberg, downplayed worries about delisting USDT, saying, “Kraken continues to list USDT in Europe, and we have no current plans to delist it.”
At the time, the exchange highlighted its dedication to discovering methods to offer USDT under the new regulatory system.
## Exchanges Adjust to MiCA
Kraken’s decision comes as other major exchanges are also modifying their stablecoin offerings.
Crypto.com announced this week that it will delist USDT and nine other tokens to comply with MiCA, following its recent in-principle MiCA license.
Attention Coinbase customers! You have until Toncoin (TON) Value Forecast for March 26th 31 to exchange any holdings that will be impacted by the platform’s impending modifications. Make sure you don’t pass the cut-off date!
