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Tether, the world's largest stablecoin issuer, has minted an additional 1 billion USDT through its treasury.

According to data from CoinMarketCap, Bitcoin rose by 2.9% on Friday to trade above $67,000 for the first time since April 24. This positive price performance by the maiden cryptocurrency has been attributed to the low inflation levels reported in the latest Consumer Price Index (CPI) data.

Kraken is considering withdrawing support for USDT, the largest stablecoin, in the EU if it fails to comply with the upcoming MiCA rules. The exchange aims to align with the regulations governing cryptoasset markets, set to take effect this year.

Kraken is reviewing its Tether (USDT) listing in Europe due to new MiCA regulations. The exchange's final decision hinges on regulatory clarity, sparking questions about Tether's future.

Kraken prepares for the worst after Tether shows no interest in complying with the upcoming MiCa regulations.

Kraken could drop EU support for Tether's USDT stablecoin, Bloomberg reported on May 17. Kraken Global Head of Regulatory Strategy Marcus Hughes said the company is planning for circumstances in which it is “not tenable to list specific tokens such as USDT.

Kraken crypto exchange is considering ending support for Tether (USDT) from its EU platform to maintain the Markets in Capital Assets (MiCA) regulations. Kraken's Global Head of Regulatory Strategy, Marcus Hughes, recently told Bloomberg that the Kraken exchange is “actively reviewing” its global strategy based on the MiCA regulations by the European Union.

TL;DR Kraken's Deliberation: Kraken is considering the delisting of Tether (USDT) in the EU due to the upcoming MiCA regulations, which impose strict rules on stablecoins, potentially reducing market diversity. MiCA's Impact: The MiCA framework aims to regulate stablecoin providers with stringent governance and reserve management, limiting large stablecoin transactions to 200 million euros per day, affecting liquidity and flexibility.

In a move that could have significant implications for the global cryptocurrency market, the US-based crypto exchange Kraken is “actively reviewing” plans, including removing support for Tether's USDT stablecoin within the European Union (EU).

Bitcoin surges past $66,000 coinciding with positive inflation news and a rise in stablecoin holdings on crypto exchanges.

TL;DR New Minting: Tether has minted an additional 1 billion USDT on the Tron Network, historically correlating with positive Bitcoin price movements. Market Impact: The minting could potentially drive Bitcoin's price up, as Tether's market cap exceeds $110 billion and it holds a significant amount of Bitcoin.

Kraken considers delisting USDT due to new EU regulations.

The stablecoin Circle USD (USDC) has been growing in market share and approaching the undisputed leader, Tether USD (USDT). Ongoing regulatory developments threaten Tether's presence in key markets, which could affect the company's flagship product.

Bitcoin flipped its old resistance into support as Tether's market cap continues to grow rapidly in 2024.

An upcoming regime for digital assets that is scheduled to take effect in July, may trigger the removal of United States dollar-pegged stablecoin USDT from the Kraken trading platform. Will Kraken Delist Tether USDT From its Platform?

Kraken may follow OKX, which pulled Tether trading pairs in Europe in March of this year as stablecoin regulation loomed.

With new regulations in Europe set to enforce strict limits on transactions and reserve requirements, Kraken is assessing its stablecoins listing.

Cryptocurrency exchange Kraken is considering delisting the USDT stablecoin in the EU

Kraken is reviewing its support for Tether's USDT in the EU as new MiCA regulations approach and impact stablecoin operations. The post Kraken may delist USDT in EU to comply with MiCA appeared first on Crypto Briefing.

Tether announced its collaboration with the TON Foundation and mobile payment application Oobit to launch a solution for carrying out crypto transactions. With this, they seek to provide financial solutions to the unbanked population.

Liquidity seems to be entering back into the crypto market as the bitcoin price pumped all the way to $67,000 amid the cooling down of the US CPI data. There's been a strong stablecoin influx at the crypto exchanges in recent times.

Through its treasury, Tether, the issuer of USDT, has minted a significant amount of its stablecoin. On-chain data reveals that Tether Treasury minted 1 billion USDT on May 16, at 16:50 UTC.

Chinese authorities have announced the dismantling of a major underground banking syndicate accused of enabling illicit transactions valued at nearly $2 billion using Tether (USDT).

Oobit, a mobile payment app, is set to streamline transactions involving Tether's USDT and Tether Gold (XAUt) on The Open Network (TON).