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The Defiant 2024-12-17 22:00:03

Tether Backs StablR to Promote Stablecoin Adoption in Europe Amid MiCA Compliance

Tether, the company behind the largest stablecoin USDT, has invested in StablR, a European stablecoin provider, to promote the adoption of stablecoins in Europe. This investment aligns with Tether's strategy to support smaller issuers that comply with the European Union's Markets in Crypto-Assets (MiCA) regulations, as Tether has decided to shutter its own euro-pegged stablecoin. StablR, which secured an Electronic Money Institution (EMI) license from the Malta Financial Services Authority in July, will leverage Tether's tokenization platform Hadron to enhance compliance, liquidity, and interoperability within the blockchain ecosystem. StablR offers EURR and USDR stablecoins, both issued as ERC-20 and Solana-compatible tokens. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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