Crypto.com has announced exciting plans to roll out an exchange-traded fund (ETF) focusing on its native token, Cronos (CRO), while simultaneously looking to introduce its very own stablecoin.
In its strategic blueprint for 2025, Crypto.com has prioritized the creation of the Cronos ETF for this year, with expectations to launch the stablecoin by the third quarter. The CRO token is projected to debut in the fourth quarter.
While detailed information regarding the ETF is still limited, a regulated Cronos ETF could significantly enhance the credibility of the CRO token, allowing investors to engage with it without the need to hold the asset directly.
As part of its growth strategy, Crypto.com is poised to broaden its offerings considerably. In the first quarter, the platform plans to start listing stocks, stock options, and ETFs.
Furthermore, the company is set to unveil innovative banking features, including personal multicurrency accounts and cash savings accounts.
Although specific details about the forthcoming stablecoin remain under wraps, a representative from Crypto.com emphasized that this initiative aligns with a larger goal to “[enhance] all aspects of user experience,” which includes providing “the most extensive range of financial investment services.”
“We have already achieved five of the six planned products outlined in our Q1 roadmap, and in addition, we launched our institutional custody services ahead of schedule,” the representative noted.
In related news, Tether Holdings, a prominent stablecoin issuer, has recently come under scrutiny during the confirmation hearings of Donald Trump's nominee for the Commerce Department. Tether has reported record profits of $13 billion, positioning it to rival leading Wall Street investment banks.
With last year's profits hitting $13 billion on sales of $53.5 billion, Tether’s financial potential could rival that of major firms like Goldman Sachs Group, which reported a net income of $14.3 billion in 2024.
Additionally, David Sacks, recently appointed as the White House AI and cryptocurrency advisor, stated that a well-regulated stablecoin market could lead to a surge in demand for the U.S. dollar, potentially lowering long-term interest rates by reinforcing its standing in the realm of digital finance.
"This sector has already begun to thrive, primarily offshore. Our aim is to bring that innovation onshore and implement legislation to facilitate the issuance of stablecoins in the United States," Sacks explained.
"The influence of stablecoins could amplify the dollar's international dominance, extend its digital presence, and generate potentially trillions of dollars in new demand for U.S. Treasuries. This would not only support our national debt but also assist in reducing long-term interest rates."
Recently, Crypto.com secured a comprehensive Markets in Crypto Assets (MiCA) license to operate within the European Union. This accreditation enables Crypto.com to provide its wide-ranging crypto services across the European Economic Area (EEA) under a reinforced regulatory framework, thereby enhancing transparency in the sector.
