Tether Invests In StablR To Boost Adoption and Compliance In The EU
Tether, in the latest statementrevealed that it has invested in European stablecoin provider StablR, aiming to accelerate adoption in the region. Notably, StablR received an Electronic Money Institution (EMI) license from the Malta Financial Services Authority in July for its MiCAR-compliant stablecoin.
Stablecoins gain huge momentum
Tether’s investment in StablR comes amid the launch of various stablecoins in Europe, including StablR’s EURR and USDR, which are expected to improve liquidity management, reduce transaction costs, and save users significant amounts of money.
The European stablecoin market has seen strong momentum in recent months, driven by the EU’s MiCA framework, which will come into full effect on December 30. The regulatory overhaul requires exchanges and stablecoin issuers to adhere to strict compliance rules across jurisdictions.
StabIR will use the Hadron platform
Notably, StablR will use Tether’s new tokenization platform Hadron, which provides 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 currently holds a significant stake.
“Tether is proud to support initiatives like StablR that are in line with our vision to promote compliance, innovation and accessibility in the European stablecoin market,” said Paolo Ardiono, CEO of Tether. “Our asset tokenization platform Tether’s deployment of Hadron simplifies the process of converting various assets into digital tokens and is an important step towards an economy with unprecedented efficiency, flexibility and transparency.”
Gijs op de Weegh, founder and CEO of StablR, noted: “From the beginning, StablR has been focused on providing institutions and merchants with unparalleled compliance, liquidity and flexibility. With the support of these new investors, this is This is what we want to achieve. This is a new era of stablecoins, and StablR is very much at the helm.”
StabIR will scale across the network
Currently, StablR offers two tokens: EURR and USDR, both issued as ERC-20 and Solana compatible tokens. As standard, these stablecoins can be transferred seamlessly to any Ethereum or Solana wallet address. StablR is fully regulated to ensure compliance while providing a reliable stablecoin solution.
StablR’s integration with Ethereum and Solana will extend Hadron’s use of Tether to other networks, further enhancing accessibility, liquidity and interoperability within the broader blockchain ecosystem.
