⚡ Tether Invests in StablR as MiCA Regulations Approach
posted 11 hr ago
Tether, the issuer behind USDT, has invested in StablR, a European stablecoin provider, as MiCA regulations loom. The move coincides with Tether’s decision to phase out its euro-pegged stablecoin EURT.
StablR has already rolled out its EURR and USDR stablecoins, targeting better liquidity management and reduced transaction fees for users. These tokens are built on the ERC-20 standard and are also compatible with the Solana blockchain.
Looking ahead, StablR plans to extend its reach to additional networks using Hadron, Tether’s tokenization platform launched last month. This initiative reflects StablR’s strategic commitment to the European market and its regulatory compliance goals.
Tether’s CEO Paolo Ardoino announced that the company has taken a key role as the technological backbone for regulated European stablecoins through its Hadron by Tether platform. “And this is just the beginning,” Ardoino posted on X.
We’ve seen an incredible surge in the global stablecoin market, perfectly aligned with the growing momentum of the digital assets economy. Just last month, the global stablecoin market shattered records, reaching an unprecedented market cap of $190 billion. From the outset, StablR has been laser-focused on delivering unmatched compliance, liquidity, and flexibility for institutions, and merchants. With the support of these new investors, that’s exactly what we’re delivering. This is a new era for stablecoins and StablR is very much at the helm,aid Gijs op de Weegh, Founder and CEO at StablR.
StablR is just one of Tether’s recent investments in the stablecoin sector. To comply with MiCA regulations, Tether also revealed in November that it would invest in Quantoz Payments to assist in launching electronic money tokens (EMT), EURQ and USDQ, tied to the euro and U.S. dollar.
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