According to an insider, the Kraken Kraken could soon bring its own stablecoin onto the market. That is behind the rumors.
• octopus may plan their own stablecoin
• Official announcement is pending
• Crypto competition pursues similar plans
The Kraken crypto exchange could soon bring its own stable coin onto the market. This reports Bloomberg, citing a source familiar with the matter. So far, there have been no official confirmations from octopuses. Nevertheless, speculation skilled a highlight of the possible motives and market dynamics in the industry.
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Kraken senses chance: own stablecoin in sight?
Kraken already has an e-Money license in Ireland, which could bring regulatory advantages for the introduction of a stable coin in Europe. The market for stable coins has changed, especially since the implementation of the new EU Mica regulatory framework. Several crypto bonds, including octopuses and coin base, had to remove Tether (USDT) from their offer for compliance reasons. A separate stable coin could help octopuses to open up a new source of liquidity and at the same time minimize regulatory risks.
Stablecoin race sparked: Who dominates the crypto market?
Kraken would not be the only platform that positions itself in this area. Crypto.com has already announced plans for its own stablecoin in the third quarter of 2025. According to Bloomberg, Robinhood and Revolut could also pursue similar projects. The development underlines the increasing importance of stable coins as the central element of the crypto industry. They are not only used for trading, but also serve as a value -plot and means of payment.
The well-known crypto exchange has already gained experience with stable coins. Since November 2024, Kraken has been part of the Global Dollar Network, an initiative to promote global stablecoin adoption. In the course of this initiative, the Global Dollar (USDG) was introduced, a stable coin that aims to use wider use. This experience could now use octopuses to develop their own stablecoin.
Crypto investors are excited: When does the official announcement come?
According to Bloomberg, an official announcement is not to be expected before the beginning of April. The crypto community is eagerly observing the developments because a new stable coin from Kraken could further diversify the market.
The global stablecoin landscape is currently in a regulatory change. In addition to the EU, the USA is also working intensively on new guidelines. With its own stable coin, octopus could not only strengthen its market position, but also benefit from the changing regulatory framework.
It remains to be seen whether and when octopuses actually bring their own stable coin onto the market. What is certain, however, is that the market for stable coins continues to grow rapidly and that many crypto companies could be a lucrative opportunity.
Editor finance.net
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