In response to the tightening of European regulations under MiCA, the cryptocurrency exchanges Kraken and Crypto.com are developing their own stablecoins to comply with the new requirements. According to MiCA, all stablecoins must be backed by liquid assets and approved by EU regulators. Exchanges must exclude unauthorized tokens, such as USDT and PYUSD, by March 2025. Kraken and Crypto.com have chosen a strategy of creating their own assets, which will allow them to remain in the European market while complying with legal requirements.
2/24/2025 7:52:17 AM (GMT+1)
Kraken and Crypto.com are developing their own stablecoins to comply with the new MiCA regulation requirements in the EU, excluding unauthorized tokens by March 2025
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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