Crypto service providers are required to remove unlicensed stablecoins due to new European regulations. Kraken is developing a dollar-pegged stablecoin and plans to issue it by its Irish subsidiary. Meanwhile, Crypto.com plans to launch its own stablecoin in the third quarter of 2025 and expand to the European market.
Bitfinex Securities has announced the launch of a public offering of tokenized US Treasury bonds under the new legal framework of El Salvador. The token USTBL will be issued by NexBridge on the Liquid Network, a Bitcoin sidechain developed by Blockstream.