Crypto.com and Kraken are launching their own stable owners this year?

Crypto Exchanges Crypto.com and Kraken could soon present their stable owners. This strategic decision can be a response to regulations on the European Union markets (MICA), which require that exchanges comply with strict rules concerning the use of staboins in the region.

A Bloomberg report dated February 20, 2025 suggested that new entrants like Crypto.com and Kraken wanting “in the game” of the management of a Stablecoin company, which is very profitable these days.

The biggest stablecoin, the USDT of Tether, has not yet obtained their mica license because of their lack of transparency concerning their reserves, which they have faced criticism in the past.

Just in: Kraken and plan to launch their own stablecoins in the EU, taking advantage of the absence of Tether in the region due to new regulations, according to Bloomberg.

Until now, only 10 companies have been approved to issue stablecoins under… pic.twitter.com/k2h9g7zp3m

– Mayank dudeja (@imcryptofreak) February 21, 2025

Recently, Coinbase and Crypto.com brought the attachment due to Mica.

Meanwhile, a spokesperson for Tether said: “It is disappointing to see the precipitated actions caused by declarations that do not do much to clarify the base of these movements.”

Explore: the disappointment of the USDT of Mica, says that the market could make the market disorderly

Strict mica requirements: push the stablescoins owners

The Mica regulations, which aim to establish a clear legal framework for cryptocurrencies in Europe, have introduced strict requirements for stablecoins.

However, the new regulations have disrupted the status quo of giants like Tether, which prompted exchanges like Kraken and Crypto.com to take proactive measures to ensure the continuity of services to their European users.

Under these rules, unauthorized stables should be deleted from commercial platforms operating in the EU. This created an urgent need for exchanges. They can either interrupt the use of third -party stables or develop their own compliant alternatives.

A stable -coated stable in dollars is currently developed by Kraken. It will be distributed via its Irish subsidiary.

In the third quarter of 2025, Crypto.com also intended to introduce his own stablecoin. However, other details on the two Stablecoins are not yet known.

Explore: Tether comes up against JPMorgan on the suggestion of Bitcoin sales: will Tether sell BTC to comply with the American regulations of Stablecoin?

USDC reaches a record market capitalization of $ 56 billion

The USDC has reached a record market capitalization of $ 56 billion, remarkable growth. It increased its market capitalization by 22% in just one month, adding $ 10.39 billion to traffic. This wave propelled the USDC after its previous 2022 peak, marking a complete recovery in the 2023 banking crisis which temporarily rocked investors’ confidence.

A major engine of USDC expansion is its growing use in decentralized financing applications (DEFI) based on Solana. The low costs and rapid Solana transactions have made a favorite for merchants, and the USDC becomes the stablecoin of choice for liquidity pools, swaps and loan protocols.

Meanwhile, the USDT (TETHER) – The largest stablecoin on the market – was explained by only 3.4% ($ 4.67 billion) during the same period. With the circulation of the USDC up 78% in annual sliding, exceeding all other large stablescoin, demand for this digital dollar is at a record level.

Explore: USDC reaches a registered market capitalization of $ 56 billion: a new era for stablescoins?

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