Tether, the issuer of the largest stablecoin, is expanding its footprint in Europe's stablecoin market with a new investment in Malta-based StablR. This move underscores Tether's commitment to regulated stablecoins as the European market evolves, especially with the upcoming Markets in Crypto-Assets Regulation (MiCA) set to take effect by December 2024. StablR operates two stablecoin projects: the euro-pegged EURR and the US dollar-pegged USDR. With Tether's Hadron platform, these stablecoins can be easily transferred across Ethereum and Solana wallets. StablR, founded in 2023, has already secured significant investment and regulatory compliance, positioning itself as a key player in the stablecoin sector.
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