Tether Invests In StablR To Boost Adoption and Compliance In The EU

Tether, in the latest statement, has revealed that it has invested in StablR, the European stablecoin provider, which seeks to accelerate adoption in the region. Notably, StablR secured an Electronic Money Institution (EMI) license authorized by the Malta Financial Services Authority for its MiCAR-compliant stablecoins in July.

Stablecoins Gain Significant Momentum

Tether’s investment in StablR comes amidst various stablecoin launches in Europe, including StablR’s EURR and USDR, which are poised to unlock improved liquidity management, reduced transaction cost, and significant savings for their users. 

The European stablecoin market has experienced significant momentum in recent months, driven by the EU’s MiCA framework, which is all set to come into full effect on December 30th. This regulatory overhaul requires exchanges and stablecoin issuers to follow strict compliance rules across the jurisdiction.

StabIR To Use Hadron Platform

Notably, StablR will use the new tokenization platform Hadron by Tether, which offers compliance tools, including KYC (know-your-customer) and AML (anti-money-laundering) checks. While the investment amount and StablR’s valuation were not disclosed, Tether confirmed that it now holds a significant equity position.

“Tether is proud to support initiatives like StablR that align with our vision for fostering compliance, innovation, and accessibility in the European stablecoin market,” Paolo Ardoino, Tether CEO remarked. “The deployment of Hadron by Tether, our asset tokenization platform that simplifies the process of converting various assets into digital tokens, is a significant step towards an economy with unprecedented benefits, flexibility, and transparency.”

Gijs op de Weegh, Founder and CEO at StablR, noted, ”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.”

StabIR Set To Expand Across Networks

Currently, StablR offers two coins: EURR and USDR, both issued as ERC-20 and Solana-compatible tokens. As a standard, these stablecoins can be seamlessly transferred to any Ethereum or Solana wallet address. Fully regulated, StablR ensures compliance while delivering a reliable stablecoin solution.

Integrated with both Ethereum and Solana, StablR is set to expand across additional networks utilizing Hadron by Tether, further enhancing accessibility, liquidity, and interoperability within the broader blockchain ecosystem.