Kraken and Crypto.com developing exclusive stablecoins in response to EU regulations. Learn more about their plans for launching new stablecoins in 2025.
Major digital currency exchanges, Kraken and Crypto.com, are developing their proprietary stablecoins in response to the new European Union regulations for digital asset markets (MiCA) taking effect from January 2025. Instead of relying on third-party stablecoins like Tether (USDT) and USD Coin (USDC) that may not comply with the new regulations, these exchanges are pursuing internal solutions. Kraken is working on a dollar-backed stablecoin through its Irish branch, while Crypto.com plans to release its stablecoin in the third quarter of 2025. This move allows these platforms to maintain uninterrupted services in the European market and comply with new requirements related to transparency, liquidity, and consumer protection.
