Crypto exchange Kraken is "actively reviewing" whether to delist the stablecoin Tether in its European market, Bloomberg reports.

The move, which the company is still considering, would end support for Tether in the exchange's European platform following approval of MiCA. Kraken's Global Head of Regulatory Strategy Marcus Hughes told Bloomberg that the exchange is "absolutely planning for all eventualities, including situations where it's just not tenable to list specific tokens such as USDT," adding that "it's something we're actively reviewing." The firm will make a final decision once the "position becomes clearer," Hughes adds.