StablR issues a euro-backed stablecoin called EurR, which it began minting on October 12. The company says more than 10 million EurR tokens were minted in its first month of issuance. StablR is officially registered as a Virtual Financial Asset Issuer in Malta and provides daily on-chain reserve statements via Chainlink. Customer funds are fully segregated in an Irish trust managed by an independent asset manager. That trust invests in a regulated money market fund that holds short-term government bonds to minimize counterparty risk. The startup began operations in August 2022 and says it aims to bring liquidity to both DeFi and CeFi markets and establish a new benchmark for stability and trustworthiness in euro stablecoins.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2024