Tether Promotes Stablecoin Adoption in Europe with Investment in StablR
A Tether , the world’s largest stablecoin issuer, has taken a major step towards expanding its influence in Europe. The company has announced an investment in StablR, a European stablecoin provider, with the aim of driving the adoption of regulated digital assets on the continent.
With the European Union’s Markets in Crypto-Assets (MiCA) regulation fast approaching, Tether is looking to position itself as a key player in the European stablecoin market. The partnership with StablR, which offers fully EU-compliant stablecoins, demonstrates Tether’s commitment to operating in a clear and transparent regulatory environment.
“Tether, the world’s largest digital asset company, has invested in StablR, the European stablecoin provider, as it seeks to accelerate adoption in the region. Tether’s investment in StablR signals its commitment to the European market and its support for leading, fully regulated stablecoins. The decision comes amid a series of stablecoin launches in Europe, including StablR’s EURR and USDR, which are poised to unlock improved liquidity management, reduced transaction costs, and significant savings for their users,” it wrote in its release official.
The company explained that StablR will use Tether’s new Hadron tokenization platform, which launched last month to simplify the tokenization of stocks, bonds, commodities, stablecoins, and more.
The European stablecoin market, with a market cap of nearly $400 million for EUR-pegged stablecoins alone, has seen significant momentum in recent months, driven by the EU’s MiCA framework, which is set to come into effect on December 30. “The European stablecoin market is evolving rapidly and is poised for significant further growth in line with broader trends. Tether is proud to support initiatives like StablR that align with our vision of fostering compliance, innovation and accessibility in the European stablecoin market,” said Paolo Ardiono, CEO of Tether.
“This investment demonstrates our support for the European digital asset ecosystem. Tether’s deployment of Hadron, our asset tokenization platform that simplifies the process of converting various assets into digital tokens, is a significant step towards an economy with unprecedented benefits, flexibility and transparency,” added Ardiono.
In July, StablR secured an authorized Electronic Money Institution (EMI) license from the Malta Financial Services Authority for its MiCAR-compatible stablecoins. StablR currently offers two coins: EURR and USDR, both issued as ERC-20 tokens and compatible with Solana.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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