COINOTAG News, February 21. In compliance with European regulations, crypto service providers are mandated to remove unlicensed stablecoins from their platforms, as reported by Bloomberg. This regulatory action underscores the increasing scrutiny of stablecoin operations across the continent. In a proactive move, Kraken is in the process of developing a USD-pegged stablecoin, which it intends to issue through its Irish subsidiary. This development highlights Kraken’s commitment to aligning with local regulations while expanding its product offerings. Simultaneously, Crypto.com is planning to unveil its own stablecoin by the third quarter of 2025, aiming to penetrate the European market as part of its overarching strategy to diversify its portfolio. The ongoing evolution in the stablecoin landscape presents both challenges and opportunities for crypto firms operating in regulatory frameworks.
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