Tether has announced its investment in Europe-based stablecoin provider StabIR as it looks to bolster adoption across the region. With the stablecoin market seeing significant developments both in new projects and regulation,

Tether, the issuer of the world's largest stablecoin USDT, is investing in StablR, a European startup focused on euro-backed stablecoins.

Tether, which claims to be the largest digital asset companies in the world (as well as being one of the most profitable), has invested in StablR.

The crypto company behind USDT, the largest stablecoin, decided to shutter its own euro-pegged stablecoin and back smaller issuers that comply with the EU's MiCA regulations.

Tether announced its investment in StablR to expand stablecoin adoption in Europe under the upcoming MiCA framework. StablR’s EMI license allows MiCA-compliant stablecoins like EURR and USDR to enhance liquidity and transaction efficiency.