USDT-to-Fiat Conversion by Regulated Platforms
A number of licensed exchanges and payment platforms now let users swap Tether (USDT) for major fiat currencies under full compliance. For example, some European fintechs hold Electronic Money Institution licenses (Lithuania, Estonia, etc.) to convert crypto to fiat via SEPA/SWIFT. Others are crypto exchanges with local fiat rails. The bullets below outline representative firms, their licenses, and how they implement USDT↔fiat services: • Kraken (UK, Global): Kraken secured a UK Electronic Money Institution license to offer fiat on- ramps/offs. It supports USDT trading pairs (e.g. USDT/USD, USDT/EUR) and lets users…
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