Kraken and Crypto.com to launch proprietary stablecoins in 2025

The new EU regulations requiring Stablecoin issuers will be authorized from 2025, the main crypto platforms like Kraken and Crypto.com develop their own stablecoins to stay in conformity and ensure smooth operations.

THE Regulation on European Union markets in crypto-activeIn force from January 2025, obliged that all the stablecoin issuers get an appropriate authorization to operate in the EU. This regulation aims to improve transparency, liquidity and consumer protection on the cryptography market. This change has led crypto service providers like Kraken and Crypto.com to launch their own stable ranges Bloomberg.

Stablecoins are digital assets intended to maintain regular value, generally supported by traditional currencies such as the US dollar or the euro. Stablecoins are commonly used to convert cryptocurrencies into fiduciary silver, as they remain stable and are not subject to extreme price swings observed in other digital assets.

Normally, crypto exchanges are based on stablecoins like Tether (USDT) and a USD part (USDC), published by third -party companies – Tether and Circle, respectively.

However, new European regulations encourage them to develop proprietary solutions in order to avoid potential dependence on stable -coin transmitters which may not comply with the new EU regulations. If they do not emit their own stablecoins, they can deal with challenges if stable third -party transmitters are not allowed or in accordance with mica.

Kraken Currently works on a stable -coin in dollars, which will be issued through its subsidiary in Ireland. Crypto.com also plans to Launch his own stablecoin In the third quarter of 2025, but the details on the fiduciary currency that will be supported and other details are not yet clear.