Kraken Invests in StablR as Stablecoin Popularity Grows
Overview of StablR's Strategic Investment
StablR, a prominent stablecoin issuer in Europe, has recently secured a strategic investment from Kraken, a cutting-edge technology platform in the cryptocurrency domain. This partnership is a testament to Kraken's dedication to promoting StablR's mission, which focuses on expanding access to safe and compliant stablecoins that are widely available for trading on various prominent platforms.
Remarkable Achievements in a Short Time
Since its inception, StablR has made significant strides with its euro-pegged (EURR) and dollar-pegged (USDR) stablecoins. In merely six months, they have successfully:
1. Achieved Listing on Major Exchanges
StablR's stablecoins are now available on over 50 exchanges, featuring notable names such as Kraken, Bitfinex, Bybit, and HTX. This wide reach reinforces its reputation in the market.
2. Expanded Trading Pair Options
With more than 150 trading pairs available, StablR enhances liquidity and accessibility, helping users worldwide engage with their investments seamlessly.
3. Surpassed Significant Transaction Volumes
In just the first half of the year, StablR reported a remarkable transaction volume exceeding $3 billion, reflecting the growing trust and enthusiasm from both institutional and retail investors.
Insights from StablR's Leadership
Gijs op de Weegh, Founder and CEO of StablR, expressed excitement about the collaboration with Kraken, emphasizing how vital partnerships are in promoting stablecoin adoption globally. He stated, "Our collaboration with Kraken marks a significant step in expanding stablecoin adoption across Europe, Asia, Latin America, and beyond. As stablecoins continue to reshape global finance, partnerships with reputable platforms ensure users can confidently engage with regulated digital currencies like EURR and USDR."
Kraken's Vision and Commitment
Mark Greenberg, Kraken’s VP of Product and GM of Consumer, shared his thoughts on the partnership, stating, "Stablecoins are reinventing how everyday investors and financial institutions interact with financial services worldwide. We’re thrilled to team up with industry partners, including StablR, and to invest in driving this next wave of crypto adoption in line with our mission." This sentiment highlights the importance of collaboration in advancing the crypto sphere.
Compliance and Regulatory Adherence
StablR is dedicated to maintaining high standards of compliance and security. Their operations align with the EU's Markets in Crypto-Assets (MiCA) regulations, showcasing their commitment to operating within the legal frameworks set forth by authorities. Additionally, StablR holds an Electronic Money Institution (EMI) license, authorized by the Malta Financial Services Authority, further solidifying their legitimacy in the financial landscape.
Validation from Prior Investments
The investment from Kraken builds on a prior development where Tether, another established entity in the stablecoin market, took similar steps to support StablR, reinforcing its standing as a trusted stablecoin provider in Europe. Such endorsements from reputable firms help bolster the confidence of users and investors alike.
About StablR
StablR stands out as a European stablecoin provider focused on delivering secure and compliant digital asset solutions. By offering EURR and USDR stablecoins, StablR is dedicated to facilitating smooth cross-border transactions and catalyzing the growth of stablecoins within the global financial environment.
Media Contact Information
StablR Communications Team
Email: press@stablr.com
Website: www.stablr.com
Frequently Asked Questions
What is StablR?
StablR is a European stablecoin issuer that focuses on providing secure and compliant digital asset solutions.
What stablecoins does StablR offer?
StablR offers the euro-pegged (EURR) and dollar-pegged (USDR) stablecoins.
Who invested in StablR?
Kraken, a leading cryptocurrency platform, made a strategic investment in StablR.
What is the significance of stablecoins?
Stablecoins enable users to transact digitally with minimized volatility, making them attractive for both retail and institutional investors.
Where can I learn more about StablR?
For more information, you can visit their official website at www.stablr.com.
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