Two Tether-backed companies, StablR and Oobit, have launched a new initiative to deliver MiCA-compliant stablecoin solutions across Europe. The move comes amid heightened regulatory enforcement under the EU’s Markets in Crypto-Assets framework, which has led to the delisting of USDT (USDT) by major exchanges such as Binance and Kraken in the European Economic Area. StablR, a stablecoin issuer focusing on regulatory alignment, will issue the EURR (euro-backed) and USDR (USD-backed) stablecoins. These assets will be tokenized via Tether’s new Hadron platform and are designed to meet MiCA’s requirements, including full asset backing and regular audits, according to a release shared with crypto.news. Oobit, which recently secured $25 million in Series A funding, will integrate these stablecoins into its crypto payments platform. To encourage adoption, Oobit is offering 5% cashback on transactions made with either EURR or USDR. The company reports that 70% of crypto payments in the EU are now being used for everyday goods such as food and basic commodities. You might also like: Trump Media to buy $2.5b Bitcoin, creating one of crypto’s largest corporate treasuries Stablecoins entering mainstream markets The collaboration aims to position stablecoins as mainstream payment tools, not just trading instruments. “This is a critical step in our mission to make crypto a primary medium of exchange,” said Oobit CEO Amram Adar. The launch addresses the gap left by the USDT delisting and reflects the increasing demand for compliant alternatives in a stablecoin market valued at over $400 million for euro-backed assets alone as of late 2024. As crypto payments continue to grow in popularity, the partnership between StablR and Oobit signals a shift toward regulated, real-world use cases for digital currencies in Europe. You might also like: Siacoin holders urged to move funds ahead of June fork