Close Menu
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Categories
  • Altcoins (1,355)
  • Analysis (1,542)
  • Bitcoin (2,126)
  • Blockchain (1,241)
  • DeFi (1,460)
  • Ethereum (1,468)
  • Event (56)
  • Exclusive Deep Dive (1)
  • Landscape Ads (2)
  • Market (1,502)
  • Press Releases (1)
  • Reddit (778)
  • Regulation (1,404)
  • Security (2,018)
  • Thought Leadership (2)
  • Videos (41)
Hand picked
  • The curse of Ethereum: very first eth Treasury Company suffers from a 73% crash in Sharo – Details
  • Crypto exec ran a ‘covert pipeline for dirty money,’
  • ETH, soil, Doge led the losses after the air strikes of Israel on Iran
  • Ethereum Foundation Stakes $ 1.25 million war box to protect the Roman storm of Tornado Cash
  • The American Senate plans the final vote of the Act on Engineering as the rules of the dry
We are social
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Facebook X (Twitter) Instagram
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Events
Altcoin ObserverAltcoin Observer
Home»Regulation»Tether invests in StablR, supporting Euro and US dollar stablecoins as MiCA regulations approach
Regulation

Tether invests in StablR, supporting Euro and US dollar stablecoins as MiCA regulations approach

December 20, 2024No Comments3 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
01c379b4704a44a2953dfdf3a276912d.jpg
Share
Facebook Twitter LinkedIn Pinterest Email


Tether, the issuer of the world’s largest stablecoin by market capitalization, announced on December 17 that it was investing in Malta-based stablecoin company StablR.

Tether, the issuer of the world’s largest stablecoin by market capitalization, announced on December 17 that it was investing in Malta-based stablecoin company StablR. The move comes as Europe prepares to fully implement its Markets in Crypto Assets (MiCA) regulations, which are expected to come into force on December 30, 2024.

StablR operates two stablecoins: StablR Euro (EURR), pegged to the Euro, and StablR USD (USDR), pegged to the US dollar. At the time of the investment announcement, EURR had a market capitalization of $3.4 million, representing approximately 1% of the total euro stablecoin market. USDR, however, was not listed on major crypto platforms like CoinMarketCap at that time.

The stablecoin company was founded in 2023 and recently obtained an Electronic Money Institution (EMI) license from the Malta Financial Services Authority, allowing it to issue fully compliant stablecoins under MiCA. This is a key step in StablR’s strategy to navigate the regulatory landscape, as MiCA requires issuers to meet strict reserves and governance compliance standards.

Tether’s investment in StablR comes as its own stablecoin, USDT, faces regulatory uncertainty, particularly in Europe. Following the introduction of MiCA, major exchanges like Coinbase removed or restricted access to non-compliant stablecoins, and Tether suspended its Euro-pegged stablecoin, EURT. EURT had a market capitalization of $27 million at the time of the suspension.

As part of the deal, StablR will operate Tether’s recently launched tokenization platform, Hadron. Hadron enables tokenization of various assets, including stablecoins, and provides compliance tools such as KYC, AML, and risk management. It also allows the transfer of stablecoins from StablR to Ethereum and Solana wallets.

Paolo Ardoino, CEO of Tether, said that the European stablecoin market is evolving rapidly and is poised for significant growth. He highlighted that Tether supports projects like StablR that align with the company’s vision of driving innovation and compliance in the European market.

In addition to the investment, StablR raised €3.3 million ($3.46 million) in a funding round, from investors including Deribit, Theta Capital, Blocktech and Folkvang. StablR plans to expand the availability of its stablecoins beyond Ethereum and Solana, increasing their interoperability.

Tether’s focus on supporting MiCA-compliant stablecoin projects like StablR marks a shift in its strategy. Rather than focusing on modifying its existing stablecoins to align with MiCA, Tether is investing in companies that are already compliant with the new regulations. This approach allows Tether to remain active in the growing European stablecoin market while avoiding regulatory conflicts.

This article contains links to third party websites or other content for informational purposes only (“Third Party Sites”). Third Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the contents of any Third Party Site, including without limitation any link contained in a Third Party Site, or any changes or updates thereto. ‘a third party site. Party site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and should be used for informational purposes only. It is important to conduct your own research and analysis before making any important decisions related to any of the products or services described. This article does not constitute and should not be construed as financial advice. The views and opinions expressed in this article are those of the author (company) and do not necessarily reflect those of CoinMarketCap.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleFed Rate Cut Triggers $850M Crypto Liquidations
Next Article 3 Explosive Altcoins to Double Your Money Fast

Related Posts

Regulation

Digital assets are one more regulatory clarity – Hill, Thompson, Emmer

June 14, 2025
Regulation

Bitcoin.com Newsec undermines the legitimacy of the surveillance of the crypto, the guard dog warns the dry is under the heat of better markets for the realization of public rules in the surveillance of the crypto, more and more

June 13, 2025
Regulation

Committees of the Chamber Regulation on the structure of the cryptography market Advance to the ground vote: CNBC Crypto World

June 13, 2025
Add A Comment
Leave A Reply Cancel Reply

Single Page Post
Share
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Featured Content
Event

Philippine Blockchain Week 2025 Welcomes Global Web3 Trailblazers to Manila

June 9, 2025

Manila, Philippines – June 9, 2025 — As Philippine Blockchain Week (PBW) 2025 returns for…

Event

ETHMilan 2025 Returns With a Stellar Line-Up at One of Milan’s Most Iconic Venues

June 5, 2025

Milan, Italy – Mark your calendars! ETHMilan, Italy’s largest international Ethereum and Web3 conference, is…

1 2 3 … 49 Next
  • Facebook
  • Twitter
  • Instagram
  • YouTube

Ethereum Foundation Stakes $ 1.25 million war box to protect the Roman storm of Tornado Cash

June 14, 2025

Bitcoin, Solana and XRP under spotlight while cryptographic liquidations reach $ 1.14 billion

June 13, 2025

Sharplink’s stock blocks 66% – but $ 1 billion Ethereum Bet could return the script

June 13, 2025
Facebook X (Twitter) Instagram LinkedIn
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
© 2025 Altcoin Observer. all rights reserved by Tech Team.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 105,388.24
ethereum
Ethereum (ETH) $ 2,553.01
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.16
bnb
BNB (BNB) $ 652.12
solana
Solana (SOL) $ 146.81
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.177913
tron
TRON (TRX) $ 0.270919
staked-ether
Lido Staked Ether (STETH) $ 2,552.11