Tether announces investment in European stablecoin provider StablR

PANews reported on December 17 that according to the official blog, digital asset company Tether announced that it has invested in European stablecoin provider StablR, aiming to accelerate adoption in the region. StablR will use Hadron, a new tokenization platform launched by Tether last month to simplify the tokenization of stocks, bonds, commodities, stablecoins and more.

In July this year, StablR received an Electronic Money Institution (EMI) license from the Malta Financial Services Authority for its MiCAR-compliant stablecoin. Currently, StablR offers two tokens: EURR and USDR, both issued as ERC-20 and Solana compatible tokens. These stablecoins can be seamlessly transferred to any Ethereum or Solana wallet address. StablR integrates with Ethereum and Solana and will be expanded to other networks leveraging Tether’s Hadron.