🌎 Tether Invests in European Stablecoin Firm StablR

Tether Invests in European Stablecoin Firm StablR Amid MiCA Implementation

Tether, the company behind the popular USDT stablecoin, has made a strategic investment in European firm StablR. This move comes as the European Union prepares to implement the Markets in Crypto-Assets (MiCA) regulatory framework on December 30, 2024.

Clear Compliance Standards with MiCA

MiCA sets clear compliance standards for stablecoin issuers, providing much-needed legal certainty in a previously fragmented regulatory environment. The introduction of this framework is expected to boost the growth of the European stablecoin market.

StablR’s Stablecoins and Tokenization Platform

StablR has introduced two stablecoins, EURR and USDR, designed to streamline transactions and offer cost savings for users. These digital currencies are pegged to a fiat currency, like the euro or dollar, to minimize price volatility. StablR’s partnership with Tether also involves the use of Hadron, a tokenization platform launched by Tether in November.

Hadron simplifies the process of converting assets like stocks, bonds, and stablecoins into digital tokens. It offers tools for compliance, including Know-Your-Customer and Anti-Money-Laundering measures, ensuring adherence to the stringent requirements under MiCA.

“This investment demonstrates our support for Europe’s digital asset ecosystem,” said Paolo Ardoino, Tether’s CEO. “With platforms like Hadron, we aim to drive compliance and innovation while making tokenization more accessible.”

Compliant and Secure Stablecoins

StablR’s stablecoins, EURR and USDR, are fully compliant and operate on Ethereum and Solana networks. These tokens allow users to make secure and seamless transfers while adhering to regulatory standards.

StablR plans to expand to additional blockchain networks, enhancing accessibility and liquidity across the digital economy.