StablR issues regulated stablecoins, EURR and USDR, pegged to the Euro and US Dollar respectively. These tokens operate on the Ethereum and Solana blockchains, offering near-costless global transfers. All tokens are 100% fully collateralized by fiat assets held in secure, segregated accounts, ensuring transparent and reliable digital currency exchange.
Funding
$3.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The Euro lacks a widely adopted stablecoin representation on blockchain networks, hindering efficient and transparent digital transactions within the Eurozone and globally. Existing solutions may not offer sufficient transparency, regulatory compliance, or accessibility for institutional investors seeking exposure to Euro-denominated assets in the decentralized finance (DeFi) ecosystem.
Solution
EURR is a fully collateralized stablecoin pegged to the Euro, operating on the Ethereum blockchain to provide a secure and transparent digital representation of the fiat currency. By leveraging blockchain technology, EURR facilitates near-instant, low-cost Euro transfers and settlements, enhancing accessibility for institutional and retail users. The stablecoin is 100% backed by cash and cash equivalents held in segregated accounts at top-tier financial institutions, ensuring that each EURR token is redeemable for one Euro. This structure promotes stability and reliability, making EURR a suitable option for payments, trading, and other financial operations within the digital economy.
Target Audience
EURR targets institutional investors, cryptocurrency exchanges, and individuals seeking a stable, transparent, and Euro-denominated digital asset for payments, trading, and DeFi applications.
Features
- 1:1 Euro backing with reserves held in secure, segregated accounts
- Transparent, auditable transactions recorded on the Ethereum blockchain
- Regulatory compliant framework designed to meet European standards
- Near-costless global transfers and 24/7 availability
- Minting process secured by Multi-Party Computation (MPC) technology
- Easy integration with existing cryptocurrency wallets and exchanges