According to an insider, the crypto exchange Kraken could soon launch its own stablecoin. This is what is behind the rumors.
- Kraken may be planning its own stablecoin
- Official announcement pending
- Crypto competitors have similar plans
The crypto exchange Kraken could soon launch its own stablecoin. This is reported by Bloomberg, citing a source familiar with the matter. There has been no official confirmation from Kraken itself so far. Nevertheless, the speculation sheds light on the possible motives and market dynamics in the industry.
Kraken senses opportunity: Own stablecoin in sight?
Kraken already has an e-money license in Ireland, which could bring regulatory advantages for the introduction of a stablecoin in Europe. The market for stablecoins has changed, especially since the implementation of the EU’s new MiCA regulatory framework. Several crypto exchanges, including Kraken and Coinbase, had to remove Tether (USDT) from their offerings for compliance reasons. A stablecoin of its own could help Kraken tap into a new source of liquidity while minimizing regulatory risks.
Stablecoin race sparked: Who will dominate the crypto market?
Kraken would not be the only platform to position 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 stablecoins as a central element of the crypto industry. They are not only used for trading, but also serve as a store of value and means of payment.
The well-known crypto exchange has already gained experience with stablecoins. Since November 2024, Kraken has been part of the Global Dollar Network, an initiative to promote global stablecoin adoption. As part of this initiative, the Global Dollar (USDG) was introduced, a stablecoin aimed at wider use. Kraken could now use this experience to develop its own stablecoin.
Crypto investors excited: When will the official announcement come?
According to Bloomberg, an official announcement is not expected before the beginning of April. The crypto community is watching the developments with interest, as a new stablecoin from Kraken could further diversify the market.
The global stablecoin landscape is currently undergoing a regulatory change. In addition to the EU, the USA is also working intensively on new guidelines. With its own stablecoin, Kraken could not only strengthen its market position, but could also possibly benefit from the changing regulatory framework.
It remains to be seen whether and when Kraken will actually launch its own stablecoin. What is certain, however, is that the market for stablecoins continues to grow rapidly and could represent a lucrative opportunity for many crypto companies.
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