According to Odaily, StablR, a stablecoin company, has announced that it has obtained an EMI license and is in compliance with MiCA standards, preparing to issue a Euro stablecoin. It is reported that StablR's EURR is 100% collateralized in an independent account, with transactions being transparent, recordable, and traceable.
Under MiCA rules, all stablecoin issuers must possess an EMI and comply with regulations. Non-Euro pegged stablecoins also have transaction restrictions. The move by StablR is seen as a significant step in the digital currency space, providing a stable and regulated option for transactions in the Eurozone.
The company's compliance with MiCA standards and the acquisition of the EMI license ensures that it operates within the legal framework, providing assurance to users about the stability and reliability of the EURR stablecoin. This development is expected to contribute to the growth and stability of the digital currency market.