Riding the Euro Stablecoin Wave StablR Secures €3.3 Million in Seed Funding to Revolutionize Digital Finance

Euro Stablecoin Startup StablR Raises €3.3 Million in Seed Funding, Setting Foundation for Growth

StablR, the startup that dares to challenge the financial cosmos, has pulled off a mind-blowing feat that even the Greek gods would envy. With a flick of its digital wand, StablR has conjured up a whopping €3.3 million ($3.5 million) in a seed funding round. Now that’s what we call sorcery!

So, who are the brave souls backing StablR in this epic adventure? Well, we have crypto derivatives exchange Deribit leading the pack, accompanied by the valiant venture firms Maven 11, Theta Capital, Folkvang, and Blocktech. It seems like they’re all ready to join forces and ride the crypto wave.

But wait, there’s more! StablR, like a magician pulling a rabbit out of a hat, introduced its very own stablecoin, EurR, last October. And within just one month, they managed to mint over 10 million of these magical tokens. Talk about a hocus-pocus success!

Now, let’s unravel the secret behind StablR’s spellbinding powers. They’ve partnered with the Qredo Network, using blockchain technology to ensure instant access through atomic swaps. Think of it as navigating through hyperspace with warp speed, minus the space-time continuum fuss. And, of course, the best part – low costs! Cue the applause!

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Although the key members of StablR come from the land of tulips and windmills (the Netherlands), this brave startup has chosen to make its official lair in Malta. Yes, you heard that right! Registered as a Virtual Financial Asset Issuer, StablR plays by EU rules, including the sizzling new MiCA framework.

Now, the MiCA rules might have some stablecoin issuers quaking in their boots, but not StablR. Oh, no! They’ve securely locked away their treasures within an independent Irish Trust, far away from prying eyes. Talk about ironclad security measures! It’s like having a high-tech vault protected by laser-armed sharks, but without the underwater drama.

And here’s the real twist – unlike other stablecoins playing the game, StablR has kept it a hundred. That’s right, all their funds are backed by a 100% cash reserve. No shady business or smoke and mirrors here. It’s like having a genie granting your every wish with an unlimited supply of magic lamps.

Now, let’s dive deeper into StablR’s quest – challenging the mighty US dollar. Move over, greenback! StablR aims to attract more adventurers to the crypto realm by offering a euro-backed stablecoin alternative. While Tether’s USDT currently sits on the DeFi throne, the euro hasn’t enjoyed as much attention. But fear not! With new regulations like Market in Crypto-Assets (MiCA) coming into play, StablR believes the tide will turn in favor of euro-pegged assets. It’s time to give the euro some well-deserved glory!

And there you have it, fellow digital asset investors. StablR, the daring startup that’s rewriting the rules of the crypto kingdom. With a sprinkle of magic, a touch of regulatory finesse, and a whole lot of ambition, they’re ready to conquer the financial world. So, are you bold enough to join their quest, or will you stick to the familiar shores of the dollar realm? The choice is yours!

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