Tether announces investment in European stablecoin provider StablR

ChainCatcher news, according to official sources, the digital asset company Tether has announced its investment in the European stablecoin provider StablR, aiming to accelerate adoption in the region.

Tether's investment in StablR demonstrates its commitment to the European market and support for fully regulated stablecoins. In July of this year, StablR obtained 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 in the form of ERC-20 and Solana-compatible tokens, which can be seamlessly transferred to any Ethereum or Solana wallet address.