Source: Reference

Tether (USDT) has just announced a strategic investment in StablR – a leading stablecoin provider in Europe – to promote the application of compliant digital assets in the context of the upcoming MiCA on December 30, 2024.

StablR, licensed as an Electronic Money Institution (EMI) by the Malta Financial Services Authority, is committed to issuing safe and transparent stablecoins such as EURR (Euro anchor) and USDR (USD anchor), which meet MiCA standards. These two coins are fully reserve-backed and issued as ERC-20 tokens, ensuring compatibility with many major blockchains.

In partnership with Tether, StablR will integrate the Hadron platform to expand stablecoin services across multiple blockchain networks, optimizing liquidity and reducing transaction costs.

The European stablecoin market is thriving, with a capitalization of nearly $400 million, promising great potential in the global digital asset ecosystem.