Tether’s Strategic Investment in StablR Aims to Boost European Stablecoin Market

On
December
17,
2024,
Tether,
the
world’s
largest
digital
asset
company,
announced
its
investment
in
StablR,
a
European
stablecoin
provider.
This
move
is
intended
to
accelerate
the
adoption
of
stablecoins
across
Europe,
reinforcing
Tether’s
commitment
to
supporting
regulated
digital
assets
in
the
region.

Tether’s
Investment
Signals
Strategic
Focus
on
Europe’s
Stablecoin
Market

Tether’s
investment
highlights
its
strategic
focus
on
the
European
market
amid
several
stablecoin
launches,
including
StablR’s
EURR
and
USDR.
These
coins
aim
to
enhance
liquidity
management,
lower
transaction
costs,
and
provide
significant
financial
savings
for
users.
The
European
stablecoin
market
has
shown
remarkable
growth,
with
EUR-pegged
stablecoins
alone
reaching
nearly
$400
million
in
market
capitalization.
This
expansion
has
been
propelled
by
the

European
Union’s
forthcoming
MiCA
regulatory
framework,
set
to
take
full
effect
on
December
30th,
enforcing
strict
compliance
standards
for
exchanges
and
stablecoin
issuers.

StablR
Utilizes
Tether’s
Hadron
Platform
for
Asset
Tokenization

StablR
plans
to
leverage
Tether’s
recently
launched

Hadron
platform,
designed
to
simplify
asset
tokenization.
This
platform
facilitates
the
tokenization
of
various
assets,
including
stocks,
bonds,
commodities,
and
stablecoins,
while
offering
an
extensive
compliance
suite.
Its
features
include
Know-Your-Customer
(KYC),
Anti-Money-Laundering
(AML),
risk
management,
and
secondary
market
monitoring,
providing
a
comprehensive
solution
for
businesses,
individuals,
and
even
governments.

Paolo
Ardoino,
CEO
of
Tether,
emphasized
the
significance
of
this
partnership,
stating,
“The
European
stablecoin
market
is
evolving
rapidly,
poised
for
substantial
growth
in
line
with
global
trends.
Tether
is
proud
to
support
initiatives
like
StablR
that
align
with
our
vision
for
promoting
compliance,
innovation,
and
accessibility.
This
investment
underscores
our
support
for
the
European

digital
asset
ecosystem.
The
Hadron
platform’s
deployment
simplifies
asset
tokenization,
creating
an
economy
driven
by
greater
flexibility,
transparency,
and
financial
benefits.”

Echoing
this
sentiment,
Gijs
op
de
Weegh,
Founder
and
CEO
of
StablR,
highlighted
the
broader
stablecoin
market’s
expansion.
He
noted,
“The
global
stablecoin
market
has
seen
unprecedented
growth,
reaching
a
record
$190
billion
in
market
cap
last
month.
From
the
start,
StablR
has
been
dedicated
to
delivering
top-tier
compliance,
liquidity,
and
flexibility
for
institutions
and
merchants.
With
support
from
new
investors
like
Tether,
we
are
well-positioned
to
lead
this
new
era
of
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
credibility
was
bolstered
in
July
2024
when
it
secured
an
Electronic
Money
Institution
(EMI)
license
from
the
Malta
Financial
Services
Authority
for
its
MiCAR-compliant
stablecoins.
These
stablecoins,
fully
backed
and
trusted,
cater
to
the
growing
demand
from
financial
institutions,
enterprises,
and
retail
users
seeking
secure
and
easily
redeemable
digital
assets.

Currently,
StablR
offers
EURR
and
USDR
tokens
compatible
with
ERC-20
and
Solana
blockchain
standards.
This
compatibility
allows
seamless
transfers
to
Ethereum
or
Solana
wallet
addresses.
With
full
regulatory
compliance,
StablR
ensures
reliability
while
delivering
a
stablecoin
solution
tailored
to
diverse
market
needs.
The
company
also
plans
to
expand
its
network
integrations
through
Tether’s
Hadron
platform,
further
boosting
accessibility,
liquidity,
and
interoperability
within
the

global
blockchain
ecosystem.

Solaxy:
Revolutionizing
Blockchain
with
Layer
2
Solutions

Solaxy
is
an
innovative
Layer
2
solution
built
on
the
Solana
blockchain,
designed
to
enhance
speed,
scalability,
and
reliability.
By
addressing
challenges
such
as
network
congestion
and
failed
transactions,
Solaxy
ensures
efficient
and
secure
operations,
making
it
a
valuable
addition
to
the
Solana
ecosystem.

The
SOLX
token
serves
as
the
native
currency
within

the
Solaxy
network,
facilitating
various
transactions
and
interactions.
During
the
presale
phase,
participants
can
purchase
SOLX
tokens
at
favorable
rates.
Additionally,
staking
options
allow
users
to
lock
their
tokens
and
earn
rewards.
Following
the
Token
Generation
Event
(TGE),
SOLX
will
be
listed
on
both
centralized
and
decentralized
exchanges,
providing
liquidity
and
broader
access.

Solaxy’s
integration
enhances
Solana’s
capabilities
by
offloading
transactions
from
the
main
chain,
reducing
congestion
and
improving
overall
performance.
This
approach
introduces
customizations
that
cater
to
decentralized
applications
(dApps)
while
maintaining
Solana’s
security
and
efficiency.
Developers
and
users
benefit
from
faster
transaction
speeds,
lower
costs,
and
a
more
robust
blockchain
environment.

In
summary,
Solaxy
represents
a
significant
advancement
in
blockchain
technology,
offering
solutions
that
address
existing
limitations
within
the
Solana
network.
The
SOLX
token
plays
a
crucial
role
in
this
ecosystem,
providing
utility
and
incentives
for
participants.
For
more
detailed
information
and
updates,
visit
the
official

Solaxy
website.

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