Tether backs European stablecoin firm StablR amid USDT uncertainty

Tether, the issuer of the world’s largest stablecoin by market cap, will provide its tokenization tech to Malta-based stablecoin firm StablR.

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Tether, the issuer of the world’s largest stablecoin by market cap, is strengthening its presence in Europe’s stablecoin market with an investment in Malta-based StablR, the company said on Dec. 17.

The investment reaffirms Tether’s commitment to the European market in its efforts to support regulated stablecoins as new ones launch in the region.

StablR operates two stablecoin projects: the euro-backed StablR Euro (EURR) and the United States dollar-pegged StablR USD (USDR). Both tokens will utilize Tether’s tokenization platform, Hadron.

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