On December 17, 2024, Tether, the world’s largest digital asset company, announced its investment in StablR, a European stablecoin provider. The move aims to accelerate the adoption of stablecoins across Europe, reinforcing Tether’s commitment to supporting regulated digital assets in the region.
Tether investment signals strategic direction in European stablecoin market
Tether’s investment highlights its strategic focus in the European market amid several stablecoin launches, including StablR’s EURR and USDR. These coins aim to improve liquidity management, reduce transaction costs and provide users with significant financial savings. The European stablecoin market has seen remarkable growth, with euro-pegged stablecoins alone reaching nearly $400 million in market capitalization. This expansion has been driven by the European Union’s upcoming MiCA regulatory framework, which is set to come into full effect on December 30, imposing strict compliance standards for exchanges and stablecoin issuers.
StablR uses Tether’s Hadron platform for asset tokenization
StablR plans to leverage Tether’s recently launched Hadron platform, designed to simplify asset tokenization. This platform facilitates the tokenization of various assets, including stocks, bonds, commodities, and stablecoins, while providing a comprehensive compliance suite. Its features include know your customer (KYC), anti-money laundering (AML), risk management and secondary market monitoring, providing a comprehensive solution for businesses, individuals and even governments.
Paolo Ardoino, CEO of Tether, highlighted the importance of this partnership, saying: “The European stablecoin market is evolving rapidly and is poised for substantial growth, in line with global trends. Tether is proud to support initiatives like StablR that align with our vision of promoting compliance, innovation and accessibility. This investment underlines our support for the European digital asset ecosystem. Deploying the Hadron platform simplifies asset tokenization, creating an economy focused on greater flexibility, transparency and financial benefits.
Echoing this sentiment, Gijs op de Weegh, founder and CEO of StablR, highlighted the expansion of the broader stablecoin market. He noted: “The global stablecoin market has seen unprecedented growth, reaching a record market capitalization of $190 billion last month. Since the beginning, StablR has been committed to providing best-in-class compliance, liquidity and flexibility to institutions and merchants. With the support of new investors like Tether, we are well-positioned to lead this new era of stablecoins.
Tether invests in StablR to promote Stablecoin adoption in Europe
Learn more:– Tether (@Tether_to) December 17, 2024
StablR’s credibility was boosted in July 2024 when it obtained an Electronic Money Institution (EMI) license from the Malta Financial Services Authority for its MiCAR-compliant stablecoins. These fully collateralized and trusted stablecoins meet the growing demand from financial institutions, businesses and individual users looking for secure and easily tradable digital assets.
Currently, StablR offers EURR and USDR tokens compatible with the ERC-20 and Solana blockchain standards. This compatibility allows for seamless transfers to Ethereum or Solana wallet addresses. With full regulatory compliance, StablR guarantees reliability while providing a stablecoin solution tailored to various market needs. The company also plans to expand its network integrations through Tether’s Hadron platform, strengthening accessibility, liquidity and interoperability within the global blockchain ecosystem.
Solaxy: revolutionizing blockchain with layer 2 solutions
Solaxy is an innovative layer 2 solution built on the Solana blockchain, designed to improve speed, scalability and reliability. By addressing challenges such as network congestion and transaction failures, Solaxy ensures efficient and secure operations, making it a valuable addition to the Solana ecosystem.
The SOLX token serves as the native currency within the Solaxy network, facilitating various transactions and interactions. During the pre-sale phase, participants can purchase SOLX tokens at favorable rates. Additionally, staking options allow users to lock their tokens and earn rewards. Following the Token Generation Event (TGE), SOLX will be listed on centralized and decentralized exchanges, providing liquidity and wider access.
The Solaxy integration enhances Solana’s capabilities by offloading transactions from the main chain, reducing congestion, and improving overall performance. This approach introduces customizations tailored to decentralized applications (dApps) while maintaining the security and efficiency of Solana. Developers and users benefit from faster transaction speeds, lower costs, and a more robust blockchain environment.
In summary, Solaxy represents a significant advancement in blockchain technology, offering solutions that address existing limitations within the Solana network. The SOLX token plays a crucial role in this ecosystem, providing utility and incentives to participants. For more detailed information and updates, visit the official Solaxy website.
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