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.

ChainCatcher news, according to Crowdfund Insider, stablecoin company StablR announced that it has obtained EMI licensing and is compliant with MiCA standards to soon issue a euro stablecoin.It is reported that StablR's EURR is 100% collateralized in independent accounts, with transactions being transparent, recordable, and traceable. According to MiCA regulations, all stablecoin issuers must have EMI and comply with the regulations. Non-euro pegged stablecoins also have trading restrictions.

ChainCatcher news, stablecoin startup StablR announced the completion of a €3.3 million ($3.5 million) seed round financing to establish its euro-backed stablecoin business. Deribit, Maven 11, Theta Capital, Folkvang, and Blocktech participated in the investment.It is reported that StablR began issuing euro-backed stablecoins, coded as EurR, on October 12, and the startup has been operating for over a year (since August 2022). StablR hopes it can bring liquidity to the DeFi and CeFi markets, ultimately bringing more users into the crypto ecosystem.