Tether invests in StablR, promoting stablecoin adoption in Europe

Tether has invested in StablR, aiming to promote the adoption of stablecoins in Europe as the MiCA regulation is set to take effect on December 30, 2024. This investment reflects Tether's commitment to developing a regulated stablecoin market, especially with new products from StablR, including two new stablecoins pegged to the US dollar and euro. StablR has been granted cryptocurrency organization (EMI) licensing by the Malta Financial Services Authority, allowing them to issue tightly regulated stablecoins in Europe.

Through this partnership, Tether not only reaffirms its presence in Europe but also supports StablR in integrating the Hadron platform—a tool for tokenizing real-world assets. This is expected to enhance accessibility and liquidity for stablecoins, meeting the growing demand in the region.