Cryptocurrency exchange Crypto.com plans to release its own stablecoin in Q3 2025. In Q4, the company is set to launch an ETF for its native token, Cronos (CRO), according to its roadmap.

The company has not revealed details about the expected products.

A representative of Crypto.com shared with Cointelegraph that these new initiatives are aimed at improving “all aspects of the user experience,” including offering a “wide range of investment services.” He also mentioned that Crypto.com had already rolled out five of the six products planned for the first quarter of 2025 and launched institutional custody services ahead of schedule.

In January, Crypto.com received preliminary approval for a license under MiCA, allowing it to operate within the European Economic Area.

Competition in the Stablecoin Sector

Other major exchanges have already launched their own stablecoin projects.

Coinbase is a member of the consortium behind the issuance of USDC, the second most popular stablecoin, with a market capitalization of $55 billion.

Kraken, along with Robinhood and Paxos, launched the USDG stablecoin and the Global Dollar Network in November 2024. The project has received a license in Singapore and complies with the country’s regulatory requirements.

JPMorgan forecasts that in 2025, the segment of euro-pegged stablecoins will see significant growth due to the implementation of MiCA.

David Sachs, former advisor to Donald Trump, stated that stablecoin regulation is one of the U.S. government’s priorities. Citi analysts believe that such legislation will make the asset more attractive to investors.

According to CoinGecko, the total market capitalization of stablecoins is $227.7 billion as of the time of writing, having increased by $67 billion in the last four months.

In December 2024, Ripple received approval to launch its own dollar-backed stablecoin, RLUSD.