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Are Crypto.com And Kraken Launching Their Own Proprietary Stablecoins This Year?

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Crypto exchanges Crypto.com and Kraken May present their own StableCoin soon. This strategic decision can be a response to the European Union markets in the Crypt-Sasset regulations (mica), which require exchanges to comply with the rigid rules on the use of Stablecoins within the region.

A Bloomberg report dated February 20, 2025 has mentioned new participants such as Crypto.com and Kraken who wanted to “enter the game” to manage a Stablecoin company, which is highly profitable in these days.

The largest Stablecoin, Tether’s USDT, has yet to obtain their license as a mica because of their lack of transparency regarding their reserves, something for which they have had to face criticism in the past.

Recently, both Coinbase and Crypto.com have canceled the tether because of not.

In the meantime, a tether spokesman said: “It is disappointing to see the hasty actions caused by statements that make little to clarify the base for such moves”.

Explore: Mica’s Delisting USDT disappoints Tether, says it could make the market disordered

Rigorous requirements of Mica: push behind the owners’ Stablecoin

Mica regulations, which aim to establish a clear legal framework for cryptocurrencies in Europe, have introduced severe requirements for Stablecoin.

However, the new regulations have interrupted the status quo of giants such as Tether, pushing exchanges such as Kraken and Crypto.com to adopt proactive measures to ensure the continuity of services for their European users.

Based on these rules, unauthorized Stablecoins must be removed from trading platforms operating within the EU. This created an urgent need for exchanges. They can interrupt the use of third -party Stablecoin or develop their compliant alternatives.

Kraken is currently developed a stablecoin resting in dollars. It will be distributed through its Irish subsidiary.

In the third quarter of 2025, Crypto.com also intends to introduce its Stablecoin. However, further details on both Stablecoins are not yet known.

Explore: Tether clashes with JpMorgan on Bitcoin salt suggestions: will the Legezie be sold BTC to comply with the US statues -statlecoins regulations?

USDC Hits Record $ 56 billion market capitalization

The USDC has reached a market capitalization of $ 56 billion dollars, a significant growth. Has increased its 22% market capitalization in one month, adding $ 10.39 billion to circulation. This wave pushed the USDC beyond its previous 2022 peak, marking a full recovery from the 2023 bank crisis which temporarily shook the trust of investors.

A large expansion factor of the USDC is its growing use in the Deci applications (decentralized based on solana. Solana low taxes and fast transactions have made it one of the favorites for traders and USDC is becoming the Stablecoin of Choice for liquidity pool, swap and loan protocols.

Meanwhile, USDT (Tether), the largest stablecoin in the market, expanded only 3.4% ($ 4.67 billion) in the same period. With the circulation of the USDC increase of 78% on an annual basis, exceeding any other important stablecoin, the demand for this digital dollar is at the historic tops.

Explore: USDC Hits Record $ 56 billion market dollars: a new era for Stablecoins?

Keyway keyway

  • Kraken, one of the main exchanges of cryptocurrency globally, has announced its intention to launch its Stablecoin anchored to the US dollar. The coin will be issued through Kraken’s subsidiary in Ireland, a country known for its favorable regulatory environment and a robust financial infrastructure.

  • Likewise, Crypto.com revealed his plans to introduce his Stablecoin in the third quarter of 2025. The exchange aims to expand his presence in Europe by offering a compliant alternative that meets the requirements of Mica.

The post is Crypto.com and Kraken launched its own Stablecoin owners this year? He appeared first out of 99bitcoin.

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