Crusader Kings III update 1.07 patch was released today for PS4, PS5, Xbox One, and Xbox Series. You can get the patch notes here.
This is labeled as the 5th console update for the game and this resolves an issue where the game was crashing on the Xbox consoles in addition to fixing various other problems related to the localization and gameplay issues. The details of this update can be seen in the patch notes shared below, or you can check them on the official website.