delisting<\/a> of USDT (USDT) by major exchanges such as Binance and Kraken in the European Economic Area.<\/p>\nStablR, a stablecoin issuer focusing on regulatory alignment, will issue the EURR (euro-backed) and USDR (USD-backed) stablecoins.<\/p>\n
These assets will be tokenized via Tether\u2019s new Hadron platform and are designed to meet MiCA\u2019s requirements, including full asset backing and regular audits, according to a release shared with crypto.news.<\/p>\n
Oobit, which recently secured $25 million in Series A funding, will integrate these stablecoins into its crypto payments platform. To encourage adoption, Oobit is offering 5% cashback on transactions made with either EURR or USDR.\u00a0<\/p>\n
The company reports that 70% of crypto payments in the EU are now being used for everyday goods such as food and basic commodities.<\/p>\n
<\/p>\n
Stablecoins entering mainstream markets<\/h2>\n
The collaboration aims to position stablecoins as mainstream payment tools, not just trading instruments. \u201cThis is a critical step in our mission to make crypto a primary medium of exchange,\u201d said Oobit CEO Amram Adar.<\/p>\n
The launch addresses the gap left by the USDT delisting and reflects the increasing demand for compliant alternatives in a stablecoin market valued at over $400 million for euro-backed assets alone as of late 2024. <\/p>\n
As crypto payments continue to grow in popularity, the partnership between StablR and Oobit signals a shift toward regulated, real-world use cases for digital currencies in Europe.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Two Tether-backed companies, StablR and Oobit, have launched a new initiative to deliver MiCA-compliant stablecoin solutions across Europe. The move comes amid heightened regulatory enforcement under the EU\u2019s Markets in…<\/p>\n","protected":false},"author":1,"featured_media":1123,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=1122"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1122\/revisions"}],"predecessor-version":[{"id":1124,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1122\/revisions\/1124"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1123"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=1122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=1122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=1122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}