Stablecoin Shake-Up: Tether Exits Europe, Backed Startups Launch MiCA Initiative
With MiCA regulations now in full effect, Europe’s demand for compliant stablecoins is heating up — and two Tether-backed companies are stepping up to meet it.
Leveraging Tether’s new tokenization platform, Hadron, the firms have rolled out a MiCA-compliant stablecoin initiative that introduces StablR Euro (EURR) and StablR USD (USDR) to the European market.
Through a partnership with crypto payments app Oobit, users across the EU will now be able to spend and save using these regulated, fiat-pegged digital assets — opening the door to stablecoin-powered payments across the continent.
This strategic move comes shortly after Tether had to withdraw its euro-pegged EURT stablecoin from Europe, a result of new MiCA compliance requirements.
“As expected, MiCA’s full rollout has created a real need for stablecoins that meet regulatory standards,” the companies said in a joint statement.
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