Kraken
February 22, 2025
Kraken Unicorn News - February 22, 2025
In response to the European Union's new Markets in Crypto-Assets regulation, Kraken is set to launch a US dollar-backed stablecoin through its Irish subsidiary. This move highlights the urgency for compliance as the European Securities and Markets Authority enforces a deadline for exchanges to delist unauthorized stablecoins by March 2025.
() Introduction
() Kraken and Crypto.com Plan Stablecoin Launches in EU Amid New Regulatory Framework
Kraken is preparing to launch its own US dollar-pegged stablecoin in Europe through its Irish subsidiary—a strategic move to comply with the European Union’s new Markets in Crypto-Assets (MiCA) regulations. This initiative aims to ensure uninterrupted service for European clients by replacing non-compliant third-party stablecoins, thus bolstering regulatory adherence and investor confidence amid an evolving crypto landscape.
Sources
1 https://cryptoslate.com/kraken-crypto-com-among-exchanges-planning-stablecoin-launches-in-eu/
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