In the third quarter of 2025, the cryptocurrency exchange Crypto.com plans to introduce its own stablecoin. The launch of an ETF for the project’s native token, Cronos (CRO), is scheduled for the fourth quarter, according to the roadmap.
The company has not disclosed details about the anticipated products.
The innovations are part of an initiative to enhance “all aspects of the user experience,” including offering “the widest range of investment services,” a company representative told Cointelegraph:
“We have already introduced five of the six planned products outlined in our roadmap for the first quarter. […] Additionally, we launched institutional custodial services ahead of schedule.”
In January, Crypto.com received preliminary approval for a MiCA license, which will allow the company to provide services in the European Economic Area.
Several other major cryptocurrency exchanges have already launched their own stablecoin projects.
Coinbase is a member of the consortium behind the issuance of the second most popular stablecoin, USDC. At the time of writing, the asset’s market capitalization stands at $55 billion.
The exchange Kraken, along with Robinhood and Paxos, is part of a group of companies that launched the USDG coin and the Global Dollar Network in November 2024. The project received the appropriate license in Singapore, and the stablecoin itself is developed in accordance with the country’s Monetary Authority requirements.
According to JPMorgan forecasts, in 2025, amid the implementation of MiCA, the euro-pegged stablecoin segment is expected to experience rapid growth.
According to David Sacks, appointed “crypto czar” by Donald Trump, one of the American government’s priorities for the next six months is to develop a regulatory framework for stablecoins. Analysts at Citi believe that the implementation of such legislation in the US will increase the asset’s attractiveness to investors.
According to CoinGecko, at the time of writing, the total market capitalization of stablecoins stands at $227.7 billion. Over the past four months, this figure has increased by $67 billion.
Back in December 2024, Ripple received approval to launch its own dollar-pegged stablecoin, RLUSD.