Two Tether-supported companies, StablR and Oobit, have introduced MiCA-compliant stablecoins in Europe.
Stablecoins are transforming payments, and we’re taking them a step further as part of our collaboration with @StablREuro.
By integrating MiCA-compliant and @Tether_to— backed@StablREuro and @StablRUSD, we’re enabling seamless and secure crypto payments. Plus, earn 5%… pic.twitter.com/3ZzDqw6G2E
— Oobit (@oobit) May 27, 2025
The launch follows the withdrawal of the USDT stablecoin issuer from the European market due to non-compliance with the EU’s cryptocurrency regulation law.
The company previously dominated the sector, but after MiCA came into effect, competitors like EURS from Stasis, EURC from Circle, and EURCV from Société Générale took its place.
Exchanges Binance and Kraken are already discontinuing USDT support in the Eurozone.
The Oobit payment app is integrating StablR stablecoins, pegged to the euro (EURR) and the US dollar (USDR). For this, it will utilize Tether’s new Hadron tokenization platform.
“By implementing regulated stablecoins, we are making cryptocurrencies a mainstream payment tool,” stated Oobit CEO Amram Adar.
To encourage the adoption of these new stablecoins, users will receive a 5% cashback when using EURR or USDR.
Back in March 2024, the exchange OKX delisted trading pairs with USDT for clients in the European Economic Area.