Driving European Stablecoin Adoption with Tether: A New Milestone for StablR

What's the Context?

The European stablecoin market, now valued at almost $400M for EUR-pegged stablecoins alone, is at a critical inflection point as the EU’s MiCA regulatory framework comes into full effect on December 30th, 2024. This landmark legislation introduces strict compliance requirements for stablecoin issuers. For issuers like StablR, this shift represents an opportunity to lead the next phase of market maturation and evolution.

What’s the Story?

Amid this backdrop, StablR Founder and CEO Gijs op de Weegh along with his team are positioning themselves as key change makers, focused on building a stablecoin ecosystem that prioritizes flexibility, liquidity, and accessibility.

Now, StablR’s vision has received a significant boost with an investment from global stablecoin giant Tether.

StablR uses the new tokenization platform Hadron by Tether, launched last month to simplify the tokenization of stocks, bonds, commodities, stablecoins, and more. Designed to provide an easy-to-use software as a service interface for the full token lifecycle for individuals, businesses, and nation-states, Hadron by Tether also emphasizes providing a comprehensive compliance toolkit, Know-Your-Customer (KYC), Anti-Money-Laundering (AML), Know-Your-Transaction, Risk Management, and secondary market ecosystem monitoring.

This announcement builds on a spate of major developments in the European stablecoin market over recent months:

• StablR launched EURR, a fully compliant, Euro-backed stablecoin, in July 2024 after securing an Electronic Money Institution (EMI) license from the Malta Financial Services Authority.

• Stablecoins hit a record-breaking $190B market cap in November, surpassing a pre-2022 peak.

As new entrants like EURR gain traction, the market is becoming more competitive, creating opportunities for pioneering stablecoin solutions that meet the demands of institutions, merchants, and retail users. StablR, is set to spearhead this transformation, leveraging regulatory clarity under MiCA to drive adoption and innovation.

Gijs op de Weegh, Founder and CEO at StablR, said: “We’ve seen an incredible surge in the global stablecoin market, perfectly aligned with the growing momentum of the digital assets economy. Just last month, the global stablecoin market shattered records, reaching an unprecedented market cap of $190 billion. From the outset, StablR has been laser-focused on delivering unmatched compliance, liquidity, and flexibility for institutions, and merchants. This is a new era for stablecoins and StablR is very much at the helm."

StablR’s positioning within this evolving MiCA framework stands out due to its commitment to compliance and scalability. This investment helps StablR amplify its market reach and operational capabilities, as well as bolster liquidity, smoothing transaction processing, and mitigating risks of bottlenecks. These are vital factors for an emerging market like stablecoins as they accounted for almost half ($422.3 billion) of Europe’s total crypto inflows between July 2023 and June 2024. Shared compliance insights within the consortium further ensure StablR remains a compliance-first entity, ready to scale as MiCA reshapes the market landscape.

Additionally, by emphasizing liquidity, scalability, and compliance, StablR shares Tether’s vision of unlocking new pathways for economic participation, ensuring that individuals and institutions can thrive in an increasingly interconnected financial ecosystem.

“Tether is proud to support initiatives like StablR that align with our vision for fostering compliance, innovation, and accessibility in the stablecoin market,” said Paolo Ardoino, Chief Executive Officer at Tether. “This investment demonstrates our support for the European digital asset ecosystem. The launch of Hadron by Tether, our asset tokenization platform that simplifies the process of converting various assets into digital tokens, is a significant step towards an economy where stablecoins play a larger and more important role.”

What’s Next?

With MiCA implementation likely to spur greater adoption of stablecoins across Europe, StablR’s forward-looking initiatives aim to set new standards for flexibility and market inclusivity. This investment will strengthen StablR’s innovation capacity and the company will continue to explore advanced functionalities to meet rising demands for secure, scalable stablecoin solutions in a post-MiCA regulatory landscape. StablR’s current offerings of EURR and USDR, which operate on an ERC-20 and Solana-compatible smart contract, have set the foundation for seamless and compliant transfers on the Ethereum and Solana networks. StablR plans to expand its operations beyond Ethereum and Solana, integrating with additional blockchains to drive enhanced accessibility, liquidity, and interoperability - critical components in the evolving digital economy.

Read More

• Press Release on the partnership by Tether

• A comprehensive overview on CoinDesk

• Industry insights on Cointelegraph

• In-depth Coverage from The Block

StablR and Tether are dedicated to advancing a stable, transparent, and innovation-driven cryptocurrency ecosystem—starting right here in Europe.