Tether Invests in StablR to Promote Stablecoin Innovation and Compliance in Europe
The world’s biggest distributor of digital assets, Tether, has invested in StablR, a stablecoin provider based in Europe that aims to hasten adoption in the area. Tether’s investment in StablR demonstrates its support for well-known, properly regulated stablecoins and its dedication to the European market. The decision coincides with the debut of many stablecoins in Europe, such as StablR’s EURR and USDR, which are expected to provide their users with significant savings, better liquidity management, and lower transaction costs.
The European stablecoin market is rapidly evolving and it’s poised for significant further growth in line with broader trends. Tether is proud to support initiatives like StablR that align with our vision for fostering compliance, innovation, and accessibility in the European stablecoin market. This investment demonstrates our support for the European digital asset ecosystem. The deployment of Hadron by Tether, 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.
Paolo Ardiono, Chief Executive Officer at Tether
Tether’s Hadron Platform Simplifies Tokenization for StablR’s Stablecoins EURR and USDR
Hadron, a new tokenization platform from Tether that was introduced last month to make tokenizing stocks, bonds, commodities, stablecoins, and other assets easier, will be used by StablR. Additionally, Hadron by Tether prioritizes offering a comprehensive compliance toolkit, Know-Your-Customer (KYC), Anti-Money-Laundering (AML), Know-Your-Transaction, Risk Management, and secondary market ecosystem monitoring. Hadron is designed to offer an intuitive software-as-a-service interface for the entire token lifecycle for individuals, businesses, and nation-states.
Both EURR and USDR, which are launched as ERC-20 and Solana-compatible tokens, are currently available on StablR. Typically, these stablecoins can be easily moved to any wallet address on Solana or Ethereum. StablR provides a dependable stablecoin solution and is fully regulated to guarantee compliance. With its integrations with Ethereum and Solana, StablR will soon spread to other networks that use Hadron by Tether, improving accessibility, liquidity, and interoperability even more within the larger blockchain ecosystem.
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.
Gijs op de Weegh, Founder and CEO at StablR
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