Foresight News reports that Tether has announced its investment in the European stablecoin provider StablR, aiming to accelerate adoption in the region. StablR will utilize Tether's newly launched tokenization platform Hadron to streamline the tokenization of stocks, bonds, commodities, stablecoins, and more.
In July of this year, StablR obtained an Electronic Money Institution (EMI) license issued by the Malta Financial Services Authority for its stablecoin compliant with MiCAR standards. Currently, StablR offers two tokens: EURR and USDR, both issued in the form of ERC-20 and Solana-compatible tokens that can be seamlessly transferred to any Ethereum or Solana wallet address. StablR is integrated with Ethereum and Solana and will leverage Tether's Hadron to extend to other networks.