Tether, which claims to be the largest digital asset companies in the world (as well as being one of the most profitable), has invested in StablR, the European stablecoin provider.
Tether’s investment into StablR signals its commitment to the European market and its support for regulated stablecoins.
The decision comes amid a number of stablecoin launches in Europe, including StablR’s EURR and USDR, which are set to “unlock liquidity management, reduced transaction cost, and savings for users.”
The European stablecoin market, with a market cap of almost $400M for EUR-pegged stablecoins, has experienced momentum in recent months, driven by the impetus of the EU’s MiCA framework which is set to “come into full effect on December 30.”
This regulatory overhaul mandates exchanges and stablecoin issuers to adhere to “compliance standards across the jurisdiction.”
StablR will now reportedly use the tokenization platform Hadron by Tether, which was launched to simplify the tokenization of stocks, bonds, commodities, stablecoins.
Designed to provide a software as a service interface for the full token lifecycle for individuals, businesses, and nation-states, Hadron by Tether emphasizes providing a “compliance toolkit, Know-Your-Customer (KYC), Anti-Money-Laundering (AML), Know-Your-Transaction, Risk Management, and secondary market ecosystem monitoring.”
Paolo Ardoino, Chief Executive Officer at Tether said:
“The European stablecoin market is rapidly evolving and it’s poised for significant further growth in line with broader trends. Tether is proud to support initiatives like StablR that align with our vision for fostering compliance, innovation, and accessibility in the European stablecoin market.”
Gijs op de Weegh, Founder and CEO at StablR, said:
“From the outset, StablR has been laser-focused on delivering unmatched compliance, liquidity, and flexibility for institutions, and merchants. With the support of these new investors, that’s exactly what we’re delivering. This is a new era for stablecoins and StablR is very much at the helm.”
In July, StablR secured an Electronic Money Institution (EMI) license authorized by the Malta Financial Services Authority, “for its MiCAR-compliant stablecoins.”
StablR stablecoins are reportedly compliant and trusted, fully-backed stablecoins launched to address the demand from FIs, enterprises, and retail users for “compliant, secure, and easily redeemable digital assets.”
Currently, StablR offers two coins: EURR and USDR, both “issued as ERC-20 and Solana-compatible tokens.”
As a standard, these stablecoins can be transferred to “any Ethereum or Solana wallet address.”
Fully regulated, StablR ensures compliance while also “delivering a reliable stablecoin solution.”
Integrated with Ethereum and Solana, StablR is set to expand across networks utilizing Hadron by Tether, “enhancing accessibility, liquidity, and interoperability within the broader blockchain ecosystem.”
This is a demonstration of Tether’s commitment to fostering “regulated solutions” within the European digital asset landscape following last month’s announcement.