Stablr

Stablr

StablR offers DeFi Liquidity solutions that give easy access to fully backed digital assets for institutional investors worldwide. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
$15—22m (Dealroom.co estimates Nov 2023.)
Company register number 76674665
Amsterdam North Holland (HQ)
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DateInvestorsAmountRound
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€3.3m

Seed
Total Funding$3.6m

Recent News about Stablr

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StablR is a pioneering fintech startup that bridges the gap between traditional finance and blockchain technology. The company offers a Euro-pegged stablecoin called EURR, which is a type of cryptocurrency designed to maintain a stable value by being backed 1:1 by Euros held in reserve. This ensures that for every EURR in circulation, there is an equivalent Euro securely stored, providing users with confidence in the coin's value.

StablR primarily serves businesses looking to streamline their financial operations. By using EURR, companies can benefit from faster transaction settlements, reduced costs, and enhanced security. This is particularly advantageous for businesses involved in international trade, financial services, and any sector where quick and secure transactions are crucial.

Operating in the rapidly evolving cryptocurrency market, StablR stands out by integrating advanced security measures such as Chainlink Proof of Reserve (PoR). This technology helps verify that the EURR stablecoins in circulation are fully backed by actual Euros, enhancing transparency and trust. Additionally, StablR has partnered with Fireblocks, a leading security platform, to further fortify the safety of its digital assets.

StablR's business model revolves around providing tailored financial solutions to its clients. The company makes money through transaction fees, although it offers zero-cost onramp and offramp services to encourage adoption. This means businesses can convert their Euros to EURR and vice versa without incurring additional costs, making it an attractive option for managing liquidity and reducing transaction expenses.

In summary, StablR is at the forefront of integrating blockchain technology with traditional financial systems, offering a stable and secure digital asset that simplifies financial operations for businesses.

Keywords: Euro-pegged, stablecoin, blockchain, financial operations, transaction costs, security, transparency, Chainlink PoR, Fireblocks, cryptocurrency.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.