StabIR will utilise the investment to amplify their market reach within the $400 million European stablecoin market.
Stablecoin issuer StabIR has received a significant investment from global stablecoin giant Tether.
As the EU’s MiCA regulatory framework comes into full effect on 30 December 2024, the European stablecoin market, valued at approximately $400 million, would introduce strict compliance requirements for stablecoin issuers.
StabIR sees this as an opportunity by providing an ecosystem that prioritises flexibility, liquidity, and accessibility. The investment, while undisclosed, would be used to amplify StabIR’s market reach and operational capabilities, as well as bolster liquidity, smoothing transaction processing, and mitigating risks of bottlenecks.
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.”
While StabIR’s current offerings of EURR and USDR operate on the Ethereum and Solana networks, the company plans to expand its operations beyond these chains, integrating with additional blockchains to drive enhanced accessibility and interoperability.
