StablR and Tether Join Forces to Enhance the European Stablecoin Market
In a pivotal development for the European cryptocurrency landscape, StablR, a prominent stablecoin provider, has gained significant investment from Tether, a leading market player in the stablecoin sector. This investment aims to expedite stablecoin adoption throughout Europe, a region that's rapidly embracing digital assets.
StablR positions itself as a go-to solution for institutions and merchants seeking liquidity, stringent compliance, and user-friendly applications in the realm of digital currencies. With Tether's backing, StablR aims to enhance flexibility and liquidity in stablecoin transactions, outpacing the value propositions of competing assets.
Recent data highlight the booming nature of the European stablecoin market. As of now, EUR-pegged stablecoins alone account for a significant portion of the nearly $400 million market cap. This growth is further supported by the upcoming implementation of the EU's Markets in Crypto-Assets (MiCA) regulation, which is set to come into effect on December 30th. This new framework enforces stringent compliance standards among exchanges and stablecoin issuers, establishing a more secure environment for digital asset trading.
In anticipation of these developments, StablR has recently launched new stablecoins—EURR and USDR—with the objective of facilitating better liquidity management, reducing transaction costs, and offering users substantial savings for reinvestment. These initiatives are aimed at cultivating a more sustainable and circular financial system in Europe.
According to Gijs op de Weegh, the founder and CEO of StablR, the global stablecoin market is witnessing unprecedented growth, perfectly in line with the expanding digital assets ecosystem. In fact, last month marked a significant breakthrough when the global stablecoin market soared to a remarkable market cap of $190 billion. From the inception of StablR, the company's focus has been sharply directed towards ensuring robust compliance, exceptional liquidity, and flexibility tailored to the needs of both institutions and merchants. With Tether's investment, StablR is poised to lead the charge in this evolving digital currency landscape.
Earlier this year, StablR took a major step by obtaining an Electronic Money Institution (EMI) license authorized by the Malta Financial Services Authority. This license confirms the compliance status of StablR's MiCAR-compliant stablecoins, which are fully backed and designed to cater to the increasing demand from various sectors, including financial institutions, enterprises, and retail users.
To facilitate the tokenization process, StablR employs Tether’s new Hadron platform, launched last month, which aims to streamline the tokenization of a diverse range of assets, including stocks, bonds, commodities, and stablecoins. This platform not only allows for easy management across the token lifecycle but also comes with a comprehensive compliance toolkit for Know-Your-Customer (KYC), Anti-Money-Laundering (AML), risk management, and ecosystem monitoring.
Paolo Ardiono, Tether’s CEO, underscored the importance of supporting innovations like StablR to foster compliance and accessibility in the European stablecoin space. He articulated that this investment underlines Tether's commitment to enhancing the European digital asset ecosystem while emphasizing that Hadron is a game-changer for creating a more efficient and transparent economy.
Currently, StablR's offerings include EURR and USDR, both issued as ERC-20 and Solana-compatible tokens. These stablecoins are designed to ensure seamless transactions across both Ethereum and Solana platforms, heightening compliance and reliability as a stablecoin solution. Additionally, StablR looks to expand its network further, utilizing Tether's Hadron to promote accessibility, liquidity, and interoperability within the broader blockchain environment.
As a pioneer in the European stablecoin market, StablR is committed to delivering fully-backed, compliant digital assets that enhance liquidity, flexibility, and operational efficiency for financial entities and merchants alike. By focusing on regulatory compliance and transparency, the company seeks to enable seamless, low-cost cross-border transactions. Supported by partnerships with financial and digital asset leaders, StablR is advancing the adoption of stablecoins across Europe, setting businesses up with crucial tools for better payment and liquidity management. For further information, explore StablR's offerings at https://www.stablr.com.
StablR positions itself as a go-to solution for institutions and merchants seeking liquidity, stringent compliance, and user-friendly applications in the realm of digital currencies. With Tether's backing, StablR aims to enhance flexibility and liquidity in stablecoin transactions, outpacing the value propositions of competing assets.
Recent data highlight the booming nature of the European stablecoin market. As of now, EUR-pegged stablecoins alone account for a significant portion of the nearly $400 million market cap. This growth is further supported by the upcoming implementation of the EU's Markets in Crypto-Assets (MiCA) regulation, which is set to come into effect on December 30th. This new framework enforces stringent compliance standards among exchanges and stablecoin issuers, establishing a more secure environment for digital asset trading.
In anticipation of these developments, StablR has recently launched new stablecoins—EURR and USDR—with the objective of facilitating better liquidity management, reducing transaction costs, and offering users substantial savings for reinvestment. These initiatives are aimed at cultivating a more sustainable and circular financial system in Europe.
According to Gijs op de Weegh, the founder and CEO of StablR, the global stablecoin market is witnessing unprecedented growth, perfectly in line with the expanding digital assets ecosystem. In fact, last month marked a significant breakthrough when the global stablecoin market soared to a remarkable market cap of $190 billion. From the inception of StablR, the company's focus has been sharply directed towards ensuring robust compliance, exceptional liquidity, and flexibility tailored to the needs of both institutions and merchants. With Tether's investment, StablR is poised to lead the charge in this evolving digital currency landscape.
Earlier this year, StablR took a major step by obtaining an Electronic Money Institution (EMI) license authorized by the Malta Financial Services Authority. This license confirms the compliance status of StablR's MiCAR-compliant stablecoins, which are fully backed and designed to cater to the increasing demand from various sectors, including financial institutions, enterprises, and retail users.
To facilitate the tokenization process, StablR employs Tether’s new Hadron platform, launched last month, which aims to streamline the tokenization of a diverse range of assets, including stocks, bonds, commodities, and stablecoins. This platform not only allows for easy management across the token lifecycle but also comes with a comprehensive compliance toolkit for Know-Your-Customer (KYC), Anti-Money-Laundering (AML), risk management, and ecosystem monitoring.
Paolo Ardiono, Tether’s CEO, underscored the importance of supporting innovations like StablR to foster compliance and accessibility in the European stablecoin space. He articulated that this investment underlines Tether's commitment to enhancing the European digital asset ecosystem while emphasizing that Hadron is a game-changer for creating a more efficient and transparent economy.
Currently, StablR's offerings include EURR and USDR, both issued as ERC-20 and Solana-compatible tokens. These stablecoins are designed to ensure seamless transactions across both Ethereum and Solana platforms, heightening compliance and reliability as a stablecoin solution. Additionally, StablR looks to expand its network further, utilizing Tether's Hadron to promote accessibility, liquidity, and interoperability within the broader blockchain environment.
As a pioneer in the European stablecoin market, StablR is committed to delivering fully-backed, compliant digital assets that enhance liquidity, flexibility, and operational efficiency for financial entities and merchants alike. By focusing on regulatory compliance and transparency, the company seeks to enable seamless, low-cost cross-border transactions. Supported by partnerships with financial and digital asset leaders, StablR is advancing the adoption of stablecoins across Europe, setting businesses up with crucial tools for better payment and liquidity management. For further information, explore StablR's offerings at https://www.stablr.com.
Topics Financial Services & Investing）
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