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Kraken, Tether-Backed Dutch Firm Rolls Out MiCA-Compliant Euro, U.S. Dollar Stablecoins Coindesk 18 Nov 2024

Kraken, Tether-Backed Dutch Firm Rolls Out MiCA-Compliant Euro, U.S. Dollar Stablecoins 🇪🇺

U.S. Dollar euro European stablecoin market Kraken Tether

Kraken, in collaboration with a Dutch firm supported by Tether, has introduced MiCA-compliant stablecoins pegged to the Euro and U.S. Dollar. This initiative arrives at a crucial juncture for the European stablecoin sector, as new regulatory frameworks are anticipated to come into full effect by the year's end.

This strategic release could position Kraken as a frontrunner in the market, poised to meet compliance standards and seize opportunities during this regulatory transition. The move underscores the growing importance of regulatory compliance in the evolving digital currency landscape.

Source: www.coindesk.com ↗

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