Breaking
December 17, 2024

Tether Backs Euro Stablecoin Startup StablR in Its European Expansion Bid Veronika Rinecker | usagoldmines.com

Tether, the company behind the world’s largest stablecoin USDT, has announced its investment in StablR, a European startup specializing in euro-denominated stablecoins.

According to Tether’s press release from Dec. 17, by backing StablR, the company aims to increase the adoption of stablecoins in the European economy and expand its reach across the continent.

The amount of the investment was not disclosed.

Driving Stablecoin Adoption in Europe

Tether will leverage StablR’s expertise in the European financial landscape to promote the use of stablecoins for everyday transactions. This includes facilitating their integration into various sectors like finance, commerce, and technology.

StablR will leverage Tether’s newly launched tokenization platform, Hadron, for its operations and services.

Launched just last month, Hadron simplifies the process of converting various assets such as stocks, bonds and commodities into digital tokens. The platform provides an easy-to-use interface for managing the entire token lifecycle and includes a suite of compliance tools covering Know Your Customer (KYC), Know Your Transaction (KYT), Anti-Money Laundering (AML), and risk management.

StablR to Expand Stablecoin Ecosystem

StablR obtained an Electronic Money Institution (EMI) license from the Malta Financial Services Authority in July 2024. This license allows StablR to issue stablecoins that comply with the European Union’s Markets in Crypto-Assets Regulation (MiCA).

StablR currently offers two stablecoins, EURR and USDR. Both are available as ERC-20 and Solana-compatible tokens, enabling them to be transferred to any compatible wallet address.

StablR plans to expand its stablecoin offerings to additional blockchain networks using Tether’s Hadron platform, recognizing the growing need for stablecoins in Europe and worldwide.

“We’ve seen an incredible surge in the global stablecoin market, perfectly aligned with the growing momentum of the digital assets economy,” said Gijs op de Weegh, Founder and CEO at StablR. “Just last month, the global stablecoin market shattered records, reaching an unprecedented market cap of $190 billion.”

Stablecoins Overtake Bitcoin as the Go-To for Daily Transactions

Stablecoins have become a significant force in the cryptocurrency market, accounting for more than two-thirds of the trillions of US dollars worth of cryptocurrency transactions recorded in recent months.

According to the latest Chainalysis report, the stablecoin market is overtaking Bitcoin (BTC) as the asset of choice for everyday transactions.

Stablecoins are rapidly gaining popularity for daily transactions, surpassing Bitcoin. Source: Chainalysis

Stablecoins are becoming increasingly useful in regions facing economic challenges, such as Latin America and sub-Saharan Africa, where stablecoin usage has grown by more than 40% year-on-year. In these areas, people are using stablecoins to protect their savings from local currency instability and to access basic financial services.

Eastern Asia and Eastern Europe also show strong growth in stablecoin usage, with increases of 32% and 29% respectively.

Stablecoins are proving vital in economically challenged regions like Latin America and sub-Saharan Africa. Source: Chainalysis

While stablecoin adoption in North America and Western Europe is comparatively slower, likely due to existing robust financial infrastructure, it’s still significant. According to Chainalysis, institutional players in these regions are turning to stablecoins for efficient liquidity management, settlements, and easier access to the cryptocurrency market.

However, Western Europe, and particularly the UK, has emerged as a major hub for merchant services using stablecoins. This sector has seen substantial growth, with stablecoins consistently capturing 60-80% of the market share each quarter.

The post Tether Backs Euro Stablecoin Startup StablR in Its European Expansion Bid appeared first on Cryptonews.

 

This articles is written by : Nermeen Nabil Khear Abdelmalak

All rights reserved to : USAGOLDMIES . www.usagoldmines.com

You can Enjoy surfing our website categories and read more content in many fields you may like .

Why USAGoldMines ?

USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.

Recent:

Fuel Network announces an airdrop for 10% of its supply Hristina Vasileva | usagoldmines.com
40% of people worldwide own or have bought cryptocurrencies Nellius Irene | usagoldmines.com
Former finance minister says Germany is not recognizing Bitcoin’s value Sneha Murali | usagoldmines....
Bitcoin ETFs overtake Gold ETFs in US market with rapid 11-month growth Cryptopolitan News | usagold...
Ethereum’s ENS taps Consensys’ Linea for its layer-2 network Nellius Irene | usagoldmines.com
Could MicroStrategy go bankrupt if Bitcoin drops? Sneha Murali | usagoldmines.com
Coinbase fights back against BiT Global’s effort to block WBTC delisting Assad Jafri | usagoldmines....
ByBit crypto exchange withdraws from the French market Collins J. Okoth | usagoldmines.com
Why XRP Is A Long-Term Gem, According To A Wealth Guru Christian Encila | usagoldmines.com
Satoshi Action Fund reveals potential executive order draft to establish US Bitcoin Strategic Reserv...
CyberKongz Takes a Stand Against SEC’s Wells Notice Victor | usagoldmines.com
Avalanche9000 Upgrade Goes Live, Boosting Web3 Development Victor | usagoldmines.com
Binance Alpha: Discover the Future of Crypto Projects Victor | usagoldmines.com
PENGU Airdrop: Claim Yours with Helius Victor | usagoldmines.com
Anti-crypto SEC Commissioner Caroline Crenshaw gets kicked out Jai Hamid | usagoldmines.com
Why Powell and the Fed should hold off on rate cuts next year Jai Hamid | usagoldmines.com
Geopolitics to weigh on semiconductor industry in 2025: KPMG survey Enacy Mapakame | usagoldmines.co...
Nvidia stock tanks on FUD, competition spike Florence Muchai | usagoldmines.com
China sets historic 4% GDP deficit for 2025 spending plans Jai Hamid | usagoldmines.com
Hyperliquid’s ‘HYPE’ Airdrop Soars to New Highs as Crypto All-Stars Smashes $19M Sam Cooling | usago...
Messari Experts Call for 2025 Solana Surge – Is SOL on Track for $750? Simon Chandler | usagoldmines...
Pudgy Penguins Launch PENGU on Solana With Multichain Plans Ahead Julia Smith | usagoldmines.com
Metaplanet Stock Soars 2,450% YTD on Its Bold Bitcoin Strategy Jimmy Aki | usagoldmines.com
U.S. Treasury Shuts Down North Korean Crypto Money Laundering Network Hassan Shittu | usagoldmines.c...
Bitcoin Price Moves Similarly To The Elliot Wave Count From 2017, Why Price Can Jump Another 80% Sco...
Bloomberg analysts expects ‘wave of crypto ETFs’ next year but some hurdles remain Assad Jafri | usa...
Best Wallet Token Explodes With Exclusive Benefits – Early Access to Presales and Higher Staking Rew...
Ted Cruz pushes for fast-track ban on AI-generated revenge porn in Texas Jai Hamid | usagoldmines.co...
Google releases AI tool that creates images from other images Jai Hamid | usagoldmines.com
ChatGPT Search goes live for free users, more features set to go live next Ashish Kumar | usagoldmin...
Tech YouTuber unlocks native PS3 emulation on PS5 hardware Collins J. Okoth | usagoldmines.com
YouTube to allow creators to opt in for third-party firms to use their content for AI training Colli...
Binance Alpha platform launches with spotlight on emerging tokens Hristina Vasileva | usagoldmines.c...
Pudgy Penguins launches PENGU token with 88-day claim window before burn Florence Muchai | usagoldmi...
UK’s FCA warns citizens to avoid Solana-based meme coin Florence Muchai | usagoldmines.com
The Gem Pad token launchpad has been exploited for $2M on multiple chains Hristina Vasileva | usagol...
Ripple officially launches $RLUSD stablecoin, now live on these crypto exchanges Florence Muchai | u...
Sarah Knafo, European MP: “No to the digital euro, yes to a strategic Bitcoin national reserve” Coll...
PENGU early investors sell $9m in tokens, raising dumping concerns Shraddha Sharma | usagoldmines.co...
Nigeria SEC provides new guidelines for promoting crypto assets and services Cryptopolitan News | us...
Lightchain AI Opens Staking Following $2.2M Raised During Presale Mao Orillana | usagoldmines.com
US Convicts Virginia Man for Funding ISIS with Crypto Jimmy Aki | usagoldmines.com
India’s Leadership Pushes for International Crypto Regulation Framework Hassan Shittu | usagoldmines...
Trump-Linked Wallet Buys Ethena as $ENA Gains Traction – Is Wall Street Pepe Next? Tim Hakki | usago...
Rare Chart Pattern on Cardano – Could This Signal a Massive ‘Santa Claus Rally’? Harvey Hunter | usa...
Controversial Crypto Documentaries To Watch This Holiday Season Rachel Wolfson | usagoldmines.com
Saga Launches Mainnet 2.0, Partners with Uniswap Sead Fadilpašić | usagoldmines.com
ESMA Releases Final Policy Guidelines on MiCA Tanzeel Akhtar | usagoldmines.com
XRP Consolidation Could End Once It Clears $2.60 – Top Analyst Expects $4 Soon Sebastian Villafuerte...
Coinbase ranks fifth globally in exchange revenue, surpassing Nasdaq and CBOE Oluwapelumi Adejumo | ...
Bitwise predicts Ethereum revival in 2025 driven by institutional interest, RWA growth Gino Matos | ...
India’s Leadership Pushes for International Crypto Regulation Framework Hassan Shittu | usagoldmines...
The next big crypto crash might come from Donald Trump himself, and it’ll be the worst Jai Hamid | u...
Here’s Why Lightchain AI ($LCAI) Is the Best Bet for Altcoin Investors in 2025 Cryptopolitan Media |...
Solana Slips To $209: Rising Bearish Pressure Threatens Key Support Godspower Owie | usagoldmines.co...
ESMA unveils final guidance for MiCA as Europe braces for crypto regulation rollout Oluwapelumi Adej...
XRP whales making optimistic buying moves ahead of RLUSD launch Florence Muchai | usagoldmines.com
Ethereum Price Crash Incoming? Tron’s Justin Sun Unstakes $209 Million ETH From Lido Finance Scott M...
EU urged to follow El Salvador’s lead with Bitcoin reserves by European MP Oluwapelumi Adejumo | usa...
Nigerian SEC warns influencers of new 3 year jail term for promoting ‘unlicensed’ crypto Oluwapelumi...
Lido commences closing down Polygon PoS chain staking service Florence Muchai | usagoldmines.com
Cardano Foundation clarifies position on ecosystem’s governance controversies Cryptopolitan News | u...
Former Finance Minister Slams Germany’s Missed Bitcoin Opportunity Veronika Rinecker | usagoldmines....
800 Million XRP Moves Off Exchange: Bull Run Ahead? Desmond Hodin | usagoldmines.com
Bitcoin To Hit $180,000 If These Cycle Top Indicators Are Absent, Says VanEck’s Sigel Jake Simmons |...
Tether invests in European stablecoin issuer as USDT remains non-compliant with MiCA Liam 'Akiba' Wr...
ZachXBT explores $5.36M wallet-draining attack  Hristina Vasileva | usagoldmines.com
What is ISO 20022 compliance for crypto coins? – Is it a ‘must have’ for crypto adoption? Florence M...
The Hashgraph Group launches $100 million Web3 fund in the UAE Lara Abdul Malak | usagoldmines.com
Gaming tokens in trouble as the SEC serves CyberKongz with a Wells Notice Florence Muchai | usagoldm...
Crypto.com CEO Kris Marszalek meets U.S. President-elect Donald Trump at his office Collins J. Okoth...
Hong Kong commits to global crypto tax reporting, first exchange set for 2028 Jai Hamid | usagoldmin...
Analysts Eye $160K Bitcoin as Global Monetary Policies Ease: Could a ‘Santa Rally’ be the Trigger? H...
Top 104 Ethereum Whales Now Control 57% of All ETH, New High in Whale Dominance Ruholamin Haqshanas ...
This Little-Known DOJ Rule Often Leaves Crypto Fraud Victims Empty-Handed: Bloomberg Law Ruholamin H...
Hong Kong Pledges Crypto Asset Reporting Framework by 2026 to Combat Tax Evasion Hassan Shittu | usa...
Traditional Gaming Pros Overtake Blockchain Experts in Web3 Game Companies: BGA Report 2024 Ruholami...
Graphite Network Launches L1 Blockchain with Entry Node Rewards Cryptonews | usagoldmines.com
Solana Price Prediction: SOL Expected To Hit $500, Ripple and Lunex Network See Bullish Indicators C...
Bitcoin starts week with $600 million ETF inflow amid $107k all-time high Liam 'Akiba' Wright | usag...
Hong Kong’s path to crypto-friendly leadership expands with tax framework adoption Oluwapelumi Adeju...
Ted Cruz pushes for fast-track ban on AI-generated revenge porn in Texas Jai Hamid | usagoldmines.co...
Ethereum Reaches $4,100 For The First Time In Over Three Years, Aiming For $5,000 Next Ronaldo Marqu...
Dogecoin Rally Ahead? 85% Growth Expected by 2025 —Analyst Christian Encila | usagoldmines.com
US government recovers $3.5 million in Bitcoin to reimburse cyber fraud victims Oluwapelumi Adejumo ...
Bitcoin ETFs top gold in total assets within a year of launch Oluwapelumi Adejumo | usagoldmines.com
BONKbot Now Lets You Fund Wallets with MoonPay Victor | usagoldmines.com
AI Agent Sends Crypto to Taylor Swift via X Victor | usagoldmines.com
Top Crypto Partnerships – December Week 3 Tari | usagoldmines.com
ENS Partnered with Ubisoft to Create Unique Gaming IDs Victor | usagoldmines.com
Ledger User Loses 10 BTC in Phishing Attack Tari | usagoldmines.com
Binance Launched Airdrops for Simon’s Cat & Pudgy Penguins Victor | usagoldmines.com
Trump Confirms Plans for Strategic Bitcoin Reserve Victor | usagoldmines.com
Ethena Launches Stablecoin Backed by BUIDL Token Victor | usagoldmines.com
Exodus Movement to List Its Stock on NYSE Victor | usagoldmines.com
FTX Payouts Begin January 3rd, 2025 Victor | usagoldmines.com
Former Google CEO Schmidt urges ‘unplugging’ AI systems at certain capabilities Florence Muchai | us...
How AI is redefining US-China trade war Jai Hamid | usagoldmines.com
Argentina is officially out of recession – Here’s all Milei did Florence Muchai | usagoldmines.com
PNUT Memecoin Faces Legal Challenge from Peanut the Squirrel’s Owner Oliver Dale | usagoldmines.com

Leave a Reply