{"id":"stablr","title":"StablR","content":"**StablR** is a European financial technology company that issues regulated, fiat-backed [stablecoins](https://iq.wiki/wiki/stablecoin) known as E-Money Tokens (EMTs). [\\[1\\]](#cite-id-hoA5st3LqgF06bd8) [\\[2\\]](#cite-id-qSnvjgJt3MOfld4A) The company’s primary products are the [StablR Euro (EURR)](https://iq.wiki/wiki/stablr-euro-eurr), pegged 1:1 to the Euro, and the [StablR USD (USDR)](https://iq.wiki/wiki/stablr-usd-usdr), pegged 1:1 to the U.S. Dollar. Operating as a licensed Electronic Money Institution (EMI) in Malta, StablR positions its products as compliant with the European Union's Markets in Crypto-Assets (MiCA) regulation.  [\\[3\\]](#cite-id-bu6tXHhEzPDMSpO2) [\\[4\\]](#cite-id-Zrb1dVRzrMGyWP2p)​\n\n## Overview\n\nStablR was established to bridge traditional finance (TradFi) and [decentralized finance](https://iq.wiki/wiki/defi) (DeFi) by providing a transparent, regulated, and stable digital currency. The project’s core offerings, [EURR](https://iq.wiki/wiki/stablr-euro-eurr) and [USDR](https://iq.wiki/wiki/stablr-usd-usdr), are fully collateralized [stablecoins](https://iq.wiki/wiki/stablecoin), backed 100% by reserves of cash and cash equivalents, such as short-term government bonds. These reserves are held in segregated accounts at commercial banks within the European Union, separate from the company's operational funds to protect customer assets in case of insolvency. [\\[5\\]](#cite-id-zHAeoWJqgmjm97cI) [\\[2\\]](#cite-id-qSnvjgJt3MOfld4A)​\n\nThe company's business model primarily targets institutional clients, including market makers, [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) exchanges, brokers, and asset managers, providing them with a compliant on-ramp and off-ramp for fiat currencies. The project emphasizes transparency, offering daily proof-of-reserve attestations on its website and undergoing quarterly reserve audits conducted by the independent firm Grant Thornton. [\\[3\\]](#cite-id-bu6tXHhEzPDMSpO2) StablR’s stablecoins are multi-chain assets, available on [blockchains](https://iq.wiki/wiki/blockchain) such as [Ethereum](https://iq.wiki/wiki/ethereum), [Solana](https://iq.wiki/wiki/solana), and Concordium, designed to facilitate secure, low-cost global transactions 24/7. [\\[1\\]](#cite-id-hoA5st3LqgF06bd8)​\n\nStablR’s CEO, Gijs op de Weegh, has articulated a vision for [stablecoins](https://iq.wiki/wiki/stablecoin) that includes enhancing financial inclusion. In a November 2025 webinar, he stated, “There’s a great opportunity to reach out to the unbanked, to let them take part in the financial system.” [\\[6\\]](#cite-id-KG8hQCaEqOuLZIOJ)​\n\n## History and Development\n\nThe development of StablR's infrastructure began in early 2022, with a focus on cloud architecture, compliance systems, and on-ramp/off-ramp services. In June 2022, the parent company, Plutus B.V., was founded by investors to manage initial legal and technical procedures. The issuer entity, StablR Ltd., was officially registered in Malta on December 23, 2022. [\\[2\\]](#cite-id-qSnvjgJt3MOfld4A)​\n\nThroughout 2023, StablR achieved several key milestones. The [ERC-20](https://iq.wiki/wiki/erc-20) [smart contract](https://iq.wiki/wiki/smart-contract) for EURR was deployed on the [Ethereum](https://iq.wiki/wiki/ethereum) [mainnet](https://iq.wiki/wiki/mainnet) in the first half of the year. On June 5, 2023, the Malta Financial Services Authority (MFSA) formally authorized the [StablR Euro (EURR)](https://iq.wiki/wiki/stablr-euro-eurr) [whitepaper](https://iq.wiki/wiki/white-paper) under the existing Virtual Financial Assets Act (VFAA). The first EURR tokens were minted for customers in October 2023, and on December 1, 2023, the company formally applied for its Electronic Money Institution (EMI) license with the MFSA. The EURR token officially launched for public trading on October 12, 2023, with an initial mint of 10 million tokens. [\\[7\\]](#cite-id-qCZUAJ6OsMajCiim) [\\[4\\]](#cite-id-Zrb1dVRzrMGyWP2p)​\n\nThe company secured an additional €1.8 million in funding in March 2024, bringing its total raised capital to €6.0 million at that time. A major regulatory achievement occurred on June 21, 2024, when the MFSA granted StablR Ltd. its EMI license. Subsequently, the company expanded its multi-chain support, deploying a [Solana](https://iq.wiki/wiki/solana) [smart contract](https://iq.wiki/wiki/smart-contract) for EURR between July and September 2024. The USDR token was launched on December 6, 2024, and the first [USDR](https://iq.wiki/wiki/stablr-usd-usdr) tokens were minted for customers on January 8, 2025. [\\[8\\]](#cite-id-7BlSPmDyxOBf5AnP) [\\[1\\]](#cite-id-hoA5st3LqgF06bd8)​\n\nIn 2025, StablR continued its expansion and integration efforts. The company announced the availability of [EURR](https://iq.wiki/wiki/stablr-euro-eurr) and [USDR](https://iq.wiki/wiki/stablr-usd-usdr) in the Zengo Wallet on March 26, 2025, and a partnership with crypto payment platform Oobit on May 27, 2025. A significant development occurred on July 21, 2025, when [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) exchange [Kraken](https://iq.wiki/wiki/kraken) made a strategic investment in StablR. The company further expanded by launching its tokens on the Concordium [blockchain's](https://iq.wiki/wiki/blockchain) PayFi network in September 2025. By October 2025, the parent company Plutus B.V. had raised a total of €11.0 million to finance operations and platform development. [\\[9\\]](#cite-id-0TvV4JDt4OzjfNvS) [\\[2\\]](#cite-id-qSnvjgJt3MOfld4A)​\n\n## Corporate and Legal Structure\n\nStablR operates through a multi-entity corporate structure designed to separate functions like fundraising, technology development, and regulated token issuance. [\\[1\\]](#cite-id-hoA5st3LqgF06bd8)\n\n* **Plutus B.V.:** Based in the Netherlands, this is the 100% parent company responsible for attracting investment and providing capital to its subsidiaries.\n* **StablR Ltd.:** The primary issuing entity, registered as a Limited Liability Company in Malta (Company No: C 104007). It holds the EMI license from the MFSA and is responsible for all token issuance, governance, reserve management, and regulatory compliance.\n* **STB Software Development B.V.:** A Netherlands-based entity that owns the intellectual property related to the IT platform and software used by StablR.\n\nThis structure is intended to insulate the regulated activities and customer funds held by StablR Ltd. from the broader corporate group's financial activities. [\\[2\\]](#cite-id-qSnvjgJt3MOfld4A)\n\n## Regulation and Compliance\n\nRegulatory compliance is a central tenet of StablR's strategy. The company is authorized and supervised by the Malta Financial Services Authority (MFSA) as an Electronic Money Institution. This license operates under the framework of the European Union's MiCA regulation, which establishes rules for [crypto](https://iq.wiki/wiki/cryptocurrency)-asset service providers. [\\[3\\]](#cite-id-bu6tXHhEzPDMSpO2) [\\[1\\]](#cite-id-hoA5st3LqgF06bd8)​\n\nKey aspects of its compliance framework include:\n\n* **Fund Safeguarding:** All fiat reserves backing the [stablecoins](https://iq.wiki/wiki/stablecoin) are held in segregated client fund accounts at regulated credit institutions. This ensures they are legally separated from StablR's operational funds and protected from company creditors.\n* **Capital Adequacy:** As a licensed EMI, StablR must maintain its own funds equivalent to at least 2% of the average outstanding value of its EMTs, with a minimum capital floor of €350,000.\n* **Redemption Rights:** StablR guarantees that all token holders have a right to redeem their EURR or USDR at any time at par value (1:1) directly from the issuer, subject to completing the required Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) onboarding checks. The company does not charge fees for redemption.\n* **AML/CFT Procedures:** The company has implemented comprehensive [AML](https://iq.wiki/wiki/anti-money-laundering-aml)/CFT policies in line with guidelines from Malta's Financial Intelligence Analysis Unit (FIAU), which include customer due diligence and transaction monitoring.\n* **Recovery and Redemption Plans:** As required by MiCA, StablR maintains regulatory-approved plans for handling financial distress (Recovery Plan) and for ensuring an orderly wind-down and redemption process if it ceases operations (Redemption Plan).\n\nThe company’s whitepapers explicitly state that its E-Money Tokens are not covered by investor compensation schemes (Directive 97/9/EC) or deposit guarantee schemes (Directive 2014/49/EU). [\\[2\\]](#cite-id-qSnvjgJt3MOfld4A)​\n\n## Technology and Security\n\nStablR’s platform is built on modern cloud infrastructure and employs multiple layers of security to protect its operations and customer assets. [\\[4\\]](#cite-id-Zrb1dVRzrMGyWP2p)​\n\n### Reserve and Backing Mechanism\n\nBoth [EURR](https://iq.wiki/wiki/stablr-euro-eurr) and [USDR](https://iq.wiki/wiki/stablr-usd-usdr) are 100% backed by a reserve of assets. These reserves consist of fiat currency held in cash and \"secure, low-risk, and highly liquid assets\" such as short-term government bonds. [\\[5\\]](#cite-id-zHAeoWJqgmjm97cI) [\\[7\\]](#cite-id-qCZUAJ6OsMajCiim) To ensure transparency, StablR provides a Proof of Reserve page on its website with daily updates on the total supply of tokens versus the total value of reserve assets. This process includes quarterly independent attestation reports from Grant Thornton, which adhere to the International Standard on Review Engagements (ISRE 2400). [\\[3\\]](#cite-id-bu6tXHhEzPDMSpO2) StablR also partners with [Chainlink's](https://iq.wiki/wiki/chainlink) [oracle](https://iq.wiki/wiki/oracle) network to deliver an on-chain Proof of Reserve feed. [\\[4\\]](#cite-id-Zrb1dVRzrMGyWP2p)​\n\n### Minting and Redemption\n\nAccess to direct minting (on-ramping) and redemption (off-ramping) is available to institutional and professional clients who complete StablR's know-your-business (KYB) and [AML](https://iq.wiki/wiki/anti-money-laundering-aml)/CFT vetting process. [\\[8\\]](#cite-id-7BlSPmDyxOBf5AnP)​\n\n* **Minting:** A verified client transfers fiat currency to StablR's segregated bank account. Upon confirmation, StablR mints an equivalent amount of stablecoin tokens and sends them to the client's designated blockchain wallet.\n* **Redemption:** A client sends stablecoins to a StablR-controlled address. StablR then burns the tokens and initiates a wire transfer of the equivalent fiat currency to the client's verified bank account. Redemptions are processed within 24 hours. [\\[2\\]](#cite-id-qSnvjgJt3MOfld4A)\n\n### Platform Architecture and Security\n\nStablR’s technology stack is hosted on Amazon Web Services (AWS), with primary servers in Ireland and disaster recovery replication in Frankfurt. The platform is built using a serverless architecture with technologies like AWS Lambda and ReactJS. [\\[4\\]](#cite-id-Zrb1dVRzrMGyWP2p)​\n\nTo secure its minting, burning, and governance operations, StablR uses a combination of Multi-Party Computation (MPC) and Multisig technologies. It partners with institutional-grade custody providers like Fireblocks to manage private keys, preventing a single point of failure. The smart contracts for its tokens have been audited by external firms, including [CertiK](https://iq.wiki/wiki/certik). [\\[9\\]](#cite-id-0TvV4JDt4OzjfNvS) [\\[7\\]](#cite-id-qCZUAJ6OsMajCiim)​\n\nA security warning for the [EURR](https://iq.wiki/wiki/stablr-euro-eurr) and [USDR](https://iq.wiki/wiki/stablr-usd-usdr) contracts has been noted by [GoPlus](https://iq.wiki/wiki/goplus) Labs on [CoinGecko](https://iq.wiki/wiki/coingecko), indicating they are proxy contracts. This design means the contract owner can make code changes, such as disabling sales, changing fees, or minting new tokens. While this enables upgrades and regulatory compliance actions, it also represents a degree of centralized control. [\\[10\\]](#cite-id-LHSEtv3F74YZ512o) [\\[11\\]](#cite-id-gwPBgmLlM73Xf716)​\n\n## Stablecoins\n\n### StablR Euro (EURR)\n\n​[StablR Euro (EURR)](https://iq.wiki/wiki/stablr-euro-eurr) is an [ERC-20](https://iq.wiki/wiki/erc-20) token pegged 1:1 to the Euro. As of December 2025, it is a multi-chain asset supported on [Ethereum](https://iq.wiki/wiki/ethereum), [Solana](https://iq.wiki/wiki/solana), and Concordium. [\\[2\\]](#cite-id-qSnvjgJt3MOfld4A) It is traded on numerous exchanges, including [Kraken](https://iq.wiki/wiki/kraken), [Bitfinex](https://iq.wiki/wiki/bitfinex), and [ByBit](https://iq.wiki/wiki/bybit), with pairs against fiat (EUR, USD) and other [cryptocurrencies](https://iq.wiki/wiki/cryptocurrency) ([USDT](https://iq.wiki/wiki/tether), [BTC](https://iq.wiki/wiki/bitcoin-btc)). [\\[7\\]](#cite-id-qCZUAJ6OsMajCiim)​\n\n* **Ethereum Contract:** `0x50753cfaf86c094925bf976f218d043f8791e408`\n* **Solana Contract:** `HViRSvsTpwubWHevjSPxNB22Fg3kdzXtedfQXmMoHtoZ`\n\nThe token has experienced periods of price volatility relative to its peg. On February 16, 2025, EURR recorded an all-time high of 1.01, as valued in USD. [\\[10\\]](#cite-id-LHSEtv3F74YZ512o)​\n\n### StablR USD (USDR)\n\n​[StablR USD (USDR)](https://iq.wiki/wiki/stablr-usd-usdr) is an ERC-20 token pegged 1:1 to the US Dollar. It is available on the [Ethereum](https://iq.wiki/wiki/ethereum) network and listed on exchanges such as [Kraken](https://iq.wiki/wiki/kraken), [Bitfinex](https://iq.wiki/wiki/bitfinex), and UZX. [\\[9\\]](#cite-id-0TvV4JDt4OzjfNvS) [\\[8\\]](#cite-id-7BlSPmDyxOBf5AnP)​\n\n* **Ethereum Contract:** `0x7b43e3875440b44613dc3bc08e7763e6da63c8f8`\n\nUSDR also experienced minor de-pegging events. It reached an all-time high of 0.8773 on March 10, 2025. [\\[11\\]](#cite-id-gwPBgmLlM73Xf716)​\n\n## Key People\n\nStablR's leadership team is composed of individuals with backgrounds in FinTech, payments, banking, and technology. [\\[1\\]](#cite-id-hoA5st3LqgF06bd8)​\n\n**Executive Team:**\n\n* [**Gijs op de Weegh**](https://iq.wiki/wiki/gijs-op-de-weegh)**:** Founder and Chief Executive Officer (CEO)\n* **Corne van der Meijden:** Chief Risk & Operations Officer (CROO)\n* **Robin Nijkamp:** Chief Technology Officer (CTO)\n* **Julia Frendo:** Chief Financial Officer (CFO)\n* **Adam Csanyi:** Chief Compliance Officer (CCO)\n\n**Board of Directors (StablR Ltd.):**\n\n* **Benjamin Whitby:** Chairman, Independent Non-Executive Director\n* **Christine Bezzina:** Non-Executive Director\n\n## Sustainability\n\nStablR operates on blockchains that utilize a [Proof-of-Stake](https://iq.wiki/wiki/proof-of-stake) (PoS) [consensus mechanism](https://iq.wiki/wiki/consensus-mechanism), which is noted for its energy efficiency compared to [Proof-of-Work](https://iq.wiki/wiki/proof-of-work-pow) systems. The company's [whitepaper](https://iq.wiki/wiki/white-paper) includes sustainability disclosures based on data from the Crypto Carbon Ratings Institute (CCRI). For the period of January 2024 to September 2025, the total energy consumption attributed to EURR transactions was primarily from the [Ethereum](https://iq.wiki/wiki/ethereum) network, totaling 30.448 kWh, with an average of 0.009 kWh per transaction. The associated greenhouse gas emissions for the same period were reported as 0.0093 tonnes of CO2 equivalent. [\\[2\\]](#cite-id-qSnvjgJt3MOfld4A)​","summary":"StablR is a European financial technology company licensed in Malta as an Electronic Money Institution (EMI). 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It issues regulated, fiat-collateralized stablecoi...\",\"timestamp\":\"2025-12-15T03:48:51.213Z\",\"category\":\"Wiki Update\",\"status\":{\"icon\":\"RiGlobalLine\",\"label\":\"Wiki Updated\",\"iconClassName\":\"text-green-500\"},\"user\":{\"name\":\"0x8AF7a19a26d8FBC48dEfB35AEfb15Ec8c407f889\",\"address\":\"0xd5893989b9952c6568a99F854795AcC5Ae480D56\"},\"button\":{\"label\":\"View Summary\",\"icon\":\"RiFileTextLine\"},\"summarySections\":[{\"title\":\"Title\",\"subtitle\":\"The casing of the title was changed.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Changed title from \\\"organizations\\\" to \\\"Organizations\\\"\"]},{\"title\":\"Summary\",\"subtitle\":\"The summary text was truncated.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Updated summary text from \\\"StablR is a European financial technology company licensed in Malta as an Electronic Money Institution (EMI). It issues regulated, fiat-collateralized stablecoins, EURR (Euro) and USDR (USD), compliant with the EU's MiCA regulation.\\\" to \\\"StablR is a European financial technology company licensed in Malta as an Electronic Money Institution (EMI). It issues regulated, fiat-collateralized stablecoi...\\\"\"]},{\"title\":\"Introduction\",\"subtitle\":\"Added internal links to stablecoin products.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Added internal links to 'StablR Euro (EURR)' and 'StablR USD (USDR)'. [\\\\\\\\[1\\\\\\\\]](#cite-id-hoA5st3LqgF06bd8) [\\\\\\\\[2\\\\\\\\]](#cite-id-qSnvjgJt3MOfld4A) [\\\\\\\\[3\\\\\\\\]](#cite-id-bu6tXHhEzPDMSpO2) [\\\\\\\\[4\\\\\\\\]](#cite-id-Zrb1dVRzrMGyWP2p)\"]},{\"title\":\"Overview\",\"subtitle\":\"Added internal links to stablecoin products.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Added internal links to 'EURR' and 'USDR'. [\\\\\\\\[5\\\\\\\\]](#cite-id-zHAeoWJqgmjm97cI) [\\\\\\\\[2\\\\\\\\]](#cite-id-qSnvjgJt3MOfld4A)\"]},{\"title\":\"History and Development\",\"subtitle\":\"Added internal links to stablecoin products.\",\"variant\":\"modified\",\"changeCount\":3,\"changes\":[\"Added an internal link for 'StablR Euro (EURR)'. [\\\\\\\\[7\\\\\\\\]](#cite-id-qCZUAJ6OsMajCiim) [\\\\\\\\[4\\\\\\\\]](#cite-id-Zrb1dVRzrMGyWP2p)\",\"Added an internal link for 'USDR'. [\\\\\\\\[8\\\\\\\\]](#cite-id-7BlSPmDyxOBf5AnP) [\\\\\\\\[1\\\\\\\\]](#cite-id-hoA5st3LqgF06bd8)\",\"Added internal links for 'EURR' and 'USDR'. [\\\\\\\\[9\\\\\\\\]](#cite-id-0TvV4JDt4OzjfNvS) [\\\\\\\\[2\\\\\\\\]](#cite-id-qSnvjgJt3MOfld4A)\"]},{\"title\":\"Technology and Security\",\"subtitle\":\"Added internal links to stablecoin products in subsections.\",\"variant\":\"modified\",\"changeCount\":2,\"changes\":[\"Added internal links for 'EURR' and 'USDR' in the 'Reserve and Backing Mechanism' subsection. [\\\\\\\\[5\\\\\\\\]](#cite-id-zHAeoWJqgmjm97cI) [\\\\\\\\[7\\\\\\\\]](#cite-id-qCZUAJ6OsMajCiim)\",\"Added internal links for 'EURR' and 'USDR' in the 'Platform Architecture and Security' subsection. [\\\\\\\\[10\\\\\\\\]](#cite-id-LHSEtv3F74YZ512o) [\\\\\\\\[11\\\\\\\\]](#cite-id-gwPBgmLlM73Xf716)\"]},{\"title\":\"Stablecoins\",\"subtitle\":\"Added internal links to subsection titles.\",\"variant\":\"modified\",\"changeCount\":2,\"changes\":[\"Added an internal link to the 'StablR Euro (EURR)' subsection title. [\\\\\\\\[2\\\\\\\\]](#cite-id-qSnvjgJt3MOfld4A)\",\"Added an internal link to the 'StablR USD (USDR)' subsection title. [\\\\\\\\[9\\\\\\\\]](#cite-id-0TvV4JDt4OzjfNvS) [\\\\\\\\[8\\\\\\\\]](#cite-id-7BlSPmDyxOBf5AnP)\"]},{\"title\":\"Key People\",\"subtitle\":\"Added an internal link for a key person.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Added an internal link for 'Gijs op de Weegh'. [\\\\\\\\[1\\\\\\\\]](#cite-id-hoA5st3LqgF06bd8)\"]},{\"title\":\"Images\",\"subtitle\":\"Image metadata was updated.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Removed 'thumbnail' and empty 'caption' fields from image objects.\"]},{\"title\":\"Metadata\",\"subtitle\":\"A new metadata item 'wiki-score' was added.\",\"variant\":\"added\",\"changeCount\":1,\"changes\":[\"Added new metadata item 'wiki-score' with value '98'.\"]},{\"title\":\"Tags\",\"subtitle\":\"The order of tags was changed.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Reordered tags from ['Stablecoins', 'Organizations', 'Ethereum', 'Solana'] to ['Ethereum', 'Stablecoins', 'Solana', 'Organizations'].\"]},{\"title\":\"Events\",\"subtitle\":\"Event dates were updated to a more specific format.\",\"variant\":\"modified\",\"changeCount\":5,\"changes\":[\"Updated event date from '2022-12' to '2022-12-01'.\",\"Updated event date from '2023-10' to '2023-10-01'.\",\"Updated event date from '2024-06' to '2024-06-01'.\",\"Updated event date from '2024-07' to '2024-07-01'.\",\"Updated event date from '2025-01' to '2025-01-01'.\"]},{\"title\":\"Founders\",\"subtitle\":\"A founder was added to the list.\",\"variant\":\"added\",\"changeCount\":1,\"changes\":[\"Added founder 'gijs-op-de-weegh'.\"]}]}]}"}