Tether invests in StablR to boost stablecoin adoption in Europe

Tether has announced its investment in Europe-based stablecoin provider StabIR as it looks to bolster adoption across the region.

With the stablecoin market seeing significant developments both in new projects and regulation, Tether’s move to invest in StablR is a notable milestone. Tether announced the investment on December 17.

USDT issuer invests in StabIR

According to the company, whose Tether (USDT) is the world’s largest US dollar-pegged stablecoin with over $140 billion in market cap, the investment reinforces the commitment to bring the regulated crypto assets to the European market.

A number of exchanges have recently confirmed plans to delist non-compliant stablecoins as the European Union’s Markets in Crypto Assets (MiCA) come into effect.

Tether itself said it was halting support for the Euro-pegged stablecoin EURT due to MiCA. EU’s MiCA regulations take full effect on December 30, 2024.

Investment in StabIR also comes as Europe welcomes several regulated stablecoin launches.

This includes StablR’s euro-pegged EURR and USD-pegged USDR.

In November this year, Tether announced an upcoming investment in Quantoz, the company that recently unveiled EURQ and USDQ.

With this investment, Tether is eyeing the growing EUR-pegged stablecoin market, which currently stands at $400 million.

Growth for the USDT issuer has also included the launch of Hadron by Tether, an asset tokenization platform.

Users can leverage the solution to simplify their digital tokens issuance processes.

Ardoino says its launch brings several benefits to users.

StablR will tap into Hadron by Tether for the tokenization of stablecoins, stocks, bonds and commodities. 

Its partnership with the USDT issuer follows key other milestones in recent months, including securing an Electronic Money Institution license from Malta Financial Services Authority in July.

The EMI license allows StabIR to offer MiCA-compliant stablecoins – EURR and USDR. The two tokens are ERC-20 and Solana-compatible.