Regulated in Malta, StablR is now issuing its MiCAR-compliant stablecoin, EURR. This development aligns with the implementation of MiCAR regulations for stablecoins in the European Union.
The EURR stablecoin is positioned as a fully compliant euro-backed option, addressing the need for liquidity in the European crypto market. StablR aims to enhance liquidity through its network, supporting the adoption and growth of the European crypto industry within the evolving regulatory framework.
MiCA regulations, which began implementation in July 2024, require all stablecoin issuers in the EU to hold an EMI licence. These regulations enforce rules on fiat backing, redeemability, transparency, and security. Stablecoins must be issued from within the EU, with reserves held in the jurisdiction, and transaction limits applied to non-euro-pegged stablecoins. Some exchanges have already delisted unregulated stablecoins in response to these changes.
The new regulations are expected to increase the prevalence of euro-denominated stablecoins in the crypto market. This shift presents opportunities for the EU's crypto industry to leverage digital assets more effectively and integrate stablecoins into the financial system. Restrictions on USD-denominated stablecoins are anticipated to drive growth in euro-pegged alternatives, creating opportunities for new entrants and diversification in the market.
StablR's technology supports efficient settlements, fast payouts, and compliance with AML and sanctions screenings required by the EU. An upcoming API release will allow users to automate trades and settlements, reducing manual intervention.
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