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Bloomberg: Kraken and Crypto.com plan to launch their own stablecoins in response to new European regulations

2025-02-21 08:02:30

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ChainCatcher news, according to Bloomberg, due to new European regulations, cryptocurrency service providers must remove unlicensed stablecoins. Kraken is developing a dollar-pegged stablecoin, which is planned to be issued by its Irish subsidiary. Meanwhile, Crypto.com plans to launch its own stablecoin in the third quarter of 2025 and expand into the European market.

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