Tether, the world’s largest stablecoin issuer, has made a strategic investment in StablR, a Malta-based service. This agreement intends to expand Tether’s footprint in the European market while also promoting the development of MiCA-compliant stablecoins. StablR now offers two stablecoins: the euro-backed StablR Euro (EURR) and the US dollar-pegged StablR USD (USDR). Hadron, Tether’s innovative tokenization technology, will power these tokens, speeding up transactions and increasing liquidity.
With the European Union’s Markets in Crypto-Assets (MiCA) regulations set to come into full effect on December 30, 2024, Tether’s investment aligns with the region’s growing demand for compliant digital assets. The European stablecoin market has grown significantly, now valued at roughly $400 million for euro-pegged tokens only. StablR’s EURR, which presently has a market capitalization of roughly $3 million, is expected to profit from the increased regulatory clarity.
Tether’s partnership with StablR will also leverage Hadron, a platform designed to simplify the tokenization of assets and ensure compliance with regulatory standards, including Know-Your-Customer (KYC) and Anti-Money Laundering (AML) measures. These capabilities are critical to achieving MiCA’s demanding requirements and providing secure, scalable solutions to businesses and consumers.
By using Hadron, StablR’s stablecoins will be available for secure transfers on both the Ethereum and Solana networks, with plans for further expansion into additional blockchain ecosystems. As Europe moves toward clearer regulation for stablecoins, Tether and StablR aim to foster greater innovation, compliance, and accessibility within the digital asset landscape.
