Tether invests in StablR to promote stablecoin adoption in Europe
Tether has announced an investment in StablR, a European stablecoin provider, as part of its strategy to bolster adoption of regulated digital assets in the Europe market
Tether’s investment in European stablecoin provider StablR underscores its strategic push into the European market as the EU’s MiCA regulation comes into force at the end of the month.
By integrating with Tether’s Hadron platform, StablR aims to expand its MiCAR-compliant EURR and USDR stablecoins across major blockchains.
Tether has announced an investment in StablR, a European stablecoin provider, as part of its strategy to bolster adoption of regulated digital assets in the Europe market.
The investment highlights Tether’s growing focus on the region, particularly as regulatory frameworks like the EU’s Markets in Crypto-Assets (MiCA) regulation begins to come into force later this month.
StablR, which recently launched two stablecoins—the euro-pegged EURR and the dollar-pegged—is positioned to offer users improved liquidity management, reduced transaction costs, and significant savings. The collaboration signals Tether’s confidence in fully compliant stablecoins as the foundation for a burgeoning digital asset ecosystem, a statement by the stablecoin issuer said. "The investment in StablR demonstrates our support for the European digital asset ecosystem," Tether CEO Paolo Ardoino said.
StablR CEO Gijs op de Weegh emphasized the timing of Tether’s investment, pointing to the rapid growth of the global stablecoin market, which recently reached a record $190 billion in market capitalization. "From the outset, StablR has been laser-focused on delivering unmatched compliance, liquidity, and flexibility for institutions and merchants," Gijs said. "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.”