{"id":151499,"date":"2025-02-22T17:00:24","date_gmt":"2025-02-22T15:00:24","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=151499"},"modified":"2025-02-22T17:00:55","modified_gmt":"2025-02-22T15:00:55","slug":"kraken-and-crypto-com-move-to-launch-stablecoins-as-eu-tightens-regulations","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/kraken-and-crypto-com-move-to-launch-stablecoins-as-eu-tightens-regulations\/","title":{"rendered":"Kraken and Crypto.com Move to Launch Stablecoins as EU Tightens Regulations"},"content":{"rendered":"<p>The EU\u2019s Markets in Crypto-Assets (MiCA) framework, which took effect in January, imposes strict oversight on stablecoin issuers, making compliance essential for continued operations.<\/p>\n<p>MiCA requires stablecoins\u2014now classified as e-money or asset-referenced tokens\u2014to be fully backed by liquid reserves and authorized by an EU regulator. As a result, non-compliant assets like Tether\u2019s <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/tether\/\">USDT<\/a> <\/strong>and PayPal\u2019s PYUSD have been delisted from many European platforms. By March 2025, exchanges must remove all unauthorized stablecoins, prompting issuers to either adapt or withdraw.<\/p>\n<p>Rather than relying on third-party issuers facing regulatory uncertainty, Kraken and Crypto.com are <strong><a href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2025-02-20\/crypto-exchanges-mull-own-stablecoins-in-europe-conundrum\">moving<\/a> <\/strong>to issue their own compliant stablecoins. Kraken plans to introduce a dollar-backed token through its Irish subsidiary, while Crypto.com\u2014fresh off securing a MiCA license in Malta\u2014is working on a similar project, though specifics remain undisclosed.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/institutional-demand-for-bitcoin-and-ethereum-weakens-as-market-awaits-policy-shifts\/\" title=\"Institutional Demand for Bitcoin and Ethereum Weakens as Market Awaits Policy Shifts\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/The-Battle-Between-Ethereum-And-Bitcoin-As-BTC-Leads-The-Crypto-Race-1-240x170.png\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Institutional Demand for Bitcoin and Ethereum Weakens as Market Awaits Policy Shifts<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The shift reflects a broader effort to ensure regulatory stability as MiCA reshapes the industry. Some issuers, like Circle, are adjusting to the new framework, while others, including Tether, have yet to secure approvals. Meanwhile, crypto platforms are positioning themselves for compliance, with KuCoin recently applying for a MiCA license in Austria.<\/p>\n<p>As European regulators enforce tighter control, exchanges are taking proactive steps to maintain their foothold in the region, signaling a major shift in how stablecoins will operate under MiCA\u2019s influence.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As Europe tightens regulations on stablecoins, major crypto exchanges Kraken and Crypto.com are developing their own digital assets to navigate the new legal landscape.<\/p>\n","protected":false},"author":3,"featured_media":132584,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-151499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast 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