StablR Secures Funding to Promote Euro-Based Option

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StablR Raises Seed Round for Euro-Based Stablecoin
StablR, stablecoin startup has obtained a €3.3 million ($3.5 million) seed round for its euro-based stablecoin business. StablR introduced its EurR stablecoin last year and focused on enhancing stability and trust in the stablecoin market.

It is registered in Malta and provides transparent reserves data through Chainlink. StablR plans to enhance liquidity in both DeFi and CeFi markets by offering a euro-linked alternative in response to growing demand in the European region.