According to its blog post, this move highlights Tether’s commitment to the European market. It also shows support for fully regulated stablecoins like StablR’s EURR and USDR.
These stablecoins aim to improve liquidity management, reduce transaction costs, and deliver big savings for users.
Europe’s Stablecoin Growth with MiCA and Hadron
The timing couldn’t be better. The European stablecoin market, with nearly $400 million in EUR-pegged stablecoins alone, is gaining steam thanks to the EU’s Markets in Crypto-Assets (MiCA) framework. Coming into full effect on December 30th, MiCA introduces strict compliance rules for exchanges and stablecoin issuers, setting the stage for further growth in the industry.
StablR will also leverage Hadron, a tokenization platform recently launched by Tether. Hadron simplifies the creation and management of digital tokens for assets like stocks, bonds, and stablecoins. It offers a full compliance toolkit, including KYC, AML, risk management, and secondary market monitoring.
Exciting to announce that @Tether_to has invested in @StablREuro to drive regulated stablecoin adoption across Europe!
With the support of Tether and the power of Hadron, we’re delivering compliant, trusted solutions to meet the growing demand for @StablREuro and @StablRUSD… https://t.co/YmAYXzNCOr
— StablR (@StablREuro) December 17, 2024
“The European stablecoin market is rapidly evolving, and it’s poised for significant growth,” said Paolo Ardoino, Tether’s CEO. “This investment demonstrates our support for the European digital asset ecosystem. With Hadron, we’re simplifying tokenization and paving the way for a more transparent and flexible economy.”
StablR Eyes Leadership with Record Stablecoin Market
Gijs op de Weegh, StablR’s CEO, echoed this excitement, noting that the global stablecoin market recently hit a record $190 billion in market cap. “StablR has always been focused on compliance, liquidity, and flexibility for institutions and merchants. With this investment, we’re set to lead a new era for stablecoins.”
Tether Invests In StablR To Promote Stablecoin Adoption In Europe
Read more: https://t.co/y8HtQXEwjR— Tether (@Tether_to) December 17, 2024
StablR’s EURR and USDR are issued as ERC-20 and Solana-compatible tokens, allowing seamless transfers to Ethereum or Solana wallets. The company plans to expand to additional networks using Tether’s Hadron platform, further boosting accessibility and liquidity in the blockchain ecosystem.
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The post Tether Backs StablR to Boost Europe’s Stablecoin Market appeared first on Altcoin Buzz.
This articles is written by : Fady Askharoun Samy Askharoun
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