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Kraken Stablecoin Delisting for EEA Users: What Happened and What to Do Now

Kraken has delisted USDT, EURT, PYUSD, UST, and TUSD for EEA users. Learn what changed and what 3Commas users should check next.

Updated today

Note

This article is for post-delisting reference. If you're encountering issues related to missing funds or inactive bots after March 31, 2025, the sections below will help you resolve them.

Summary of Key Events

Kraken removed access to the following stablecoins for EEA users:

  • USDT (Tether)

  • EURT

  • PYUSD

  • UST

  • TUSD

Here’s what happened during the phased rollout:

  • Feb 13, 2025 – Margin pairs moved to reduce-only mode

  • Feb 27, 2025 – Spot trading set to sell-only, deposit addresses removed

  • Mar 17, 2025 – All open margin positions automatically closed

  • Mar 24, 2025 – Spot trading halted; open orders closed; assets delisted as collateral

  • Mar 31, 2025 – Final deadline; remaining balances automatically converted into a supported stablecoin


What This Means for 3Commas Users

Trading Bots

If your DCA bots, Grid bots, or SmartTrades were using any of the affected stablecoins:

  • They stopped functioning after March 24, 2025

  • Any affected deals have likely failed or closed

  • Bots must be edited to use supported stablecoins (e.g., USDC, EUR)

Deposits and Withdrawals

  • After March 31, 2025, deposits of these stablecoins are not tradable

  • You may only withdraw them if still held

Auto-Conversion of Balances

If you held any of the delisted stablecoins in Kraken:

  • Kraken has automatically converted them into a supported stablecoin

  • Applies to:

    • Main balances

    • Collateral used in margin accounts

    • USDT-based Opt-In Reward (OIR) balances

Opt-In Rewards (OIR) Users

If you participated in USDT-based OIR:

  • Kraken completed auto-conversion before Feb 28, 2025

  • If you missed the window to manually reallocate, the conversion has been handled for you


Who Was Affected?

Only users in the European Economic Area (EEA) were impacted. This includes:

27 EU Member States

🇦🇹 Austria | 🇧🇪 Belgium | 🇧🇬 Bulgaria | 🇭🇷 Croatia | 🇨🇾 Cyprus | 🇨🇿 Czech Republic |

🇩🇰 Denmark | 🇪🇪 Estonia | 🇫🇮 Finland | 🇫🇷 France | 🇩🇪 Germany | 🇬🇷 Greece |

🇭🇺 Hungary | 🇮🇪 Ireland | 🇮🇹 Italy | 🇱🇻 Latvia | 🇱🇹 Lithuania | 🇱🇺 Luxembourg | 🇲🇹 Malta | 🇳🇱 Netherlands | 🇵🇱 Poland | 🇵🇹 Portugal | 🇷🇴 Romania | 🇸🇰 Slovakia | 🇸🇮 Slovenia |

🇪🇸 Spain | 🇸🇪 Sweden

3 EFTA Countries

🇮🇸 Iceland | 🇱🇮 Liechtenstein | 🇳🇴 Norway

If your Kraken account is not registered in one of these regions, you are not affected by this delisting.


What You Should Do Now

  1. Review and Update Bots

    • Edit any bots using the removed stablecoins and select a supported pair (e.g., USDC or EUR)

  2. Check Your Kraken Balances

    • Confirm the results of auto-conversions

    • Ensure there are no legacy balances or inactive trades linked to USDT, EURT, PYUSD, UST, or TUSD

  3. Withdraw Any Residual Delisted Funds

    • If you see any small balances in the removed assets, you may still be able to withdraw them (but not trade)

  4. Stay Informed

    • Monitor Kraken’s support updates for any new changes tied to MiCA compliance

    • Keep bots aligned with supported stablecoins to avoid service disruption


Why Did This Happen?

Kraken’s removal of these stablecoins aligns with the Markets in Crypto-Assets (MiCA) regulations in the EEA, which restrict the issuance and circulation of unauthorized stablecoins.

Other exchanges like Coinbase and Crypto.com have also begun delisting USDT and similar assets in Europe.


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