StablR USD (USDR): A trusted digital dollar for a borderless economy
As stablecoin regulation continues to gain ground in the crypto world, most countries are leaning toward having a framework to govern and regulate these digital assets. One such framework is the Markets in Crypto-Assets Regulation (MiCAR, or MiCA for short), the European Union’s gateway for regulating digital assets that aims to provide legal clarity, consumer protection and financial stability.
Under MiCA, stablecoins — particularly those pegged to fiat currencies — must meet strict standards for transparency, reserve backing and operational governance to be approved for circulation in the EU.
StablR USD is a fully MiCA-compliant, eurozone-issued stablecoin pegged 1:1 to the United States dollar. Built with regulatory alignment at its core, StablR offers a transparent, secure and compliant digital dollar solution tailored for the European market, making it a key player in the future of regulated digital finance.
Let’s learn more about this electronic money token and stablecoin.
Key Takeaways:
StablR offers MiCA-compliant, European-based stablecoins by leveraging blockchain to ensure security and transparency.
Each of its two available stablecoins, USDR and EURR, is pegged at a ratio of 1:1 to the euro and US dollar, respectively.
USDR is available with Bybit Netherlands, where you can trade it as either the USDR/USDT or BTC/USDR Spot pair.
What is StablR?
StablR is a company that offers MiCA-compliant electronic money tokens (EMTs) pegged to the dollar at a ratio of 1:1 to each of its fiat equivalents. The platform leverages blockchain technology to provide transparent, secure and regulatory-compliant EMTs that fuel the global economy.
The Malta-based Dutch company currently offers two MiCA-compliant stablecoins: EURR and USDR. EURR is a fiat-backed stablecoin, pegged to the euro 1:1, that runs on the Ethereum blockchain. Meanwhile, USDR is its US dollar–backed stablecoin counterpart that can be redeemed for its fiat equivalent at any time.
StablR is keen on transparency, providing a proof of reserves (PoR) page that shows the current supply and reserves available for its stablecoins. The company leverages a trusted banking custodian to ensure the reserves match or exceed the issued stablecoins.
Source: StablR
StablR USD (USDR)
StablR USD (USDR) is a eurozone-issued, MiCA-compliant electronic money token (EMT) fully backed 1:1 with US dollar reserves held in EU-regulated financial institutions. Designed for stability, transparency and regulatory alignment, it offers a secure and compliant gateway to digital finance within the European Union (EU).
Importantly, StablR USD (USDR) isn’t the same as Real USD (USDR), a separate token that recently experienced a significant depeg. StablR USD maintains full transparency and stability, offering real-time reserve attestations, strict compliance with MiCA regulations and the right of redemption for authorized users. This ensures that each USDR can always be redeemed for $1.
Its key uses include the following:
Cross-border payments and remittances
On-chain settlements for DeFi applications
Digital commerce and invoicing
Crypto trading and hedging
Fiat on-/off-ramps for European institutions
With its strong regulatory foundation and commitment to transparency, StablR USD is positioned as a trusted stablecoin for the future of tokenized finance in Europe.
What is an Electronic money token (EMT)?
An electronic money token (EMT) is a type of crypto asset defined under MiCA. EMTs are digital representations of fiat currency — just as the euro or StablR USD (USDR) is a eurozone-issued, MiCA-compliant stablecoin fully backed 1:1 with US dollar reserves held in EU-regulated financial institutions. Essentially, EMTs are a form of stablecoins, and are digital versions of traditional e-money, combining the speed and efficiency of blockchain with the reliability of government-issued currencies.
To be classified as an EMT under MiCA, a stablecoin must meet strict regulatory requirements, including full reserve backing, daily redemption rights and transparency around reserve holdings. Issuers must also be authorized by an EU financial authority, and comply with ongoing audits and consumer protection measures.
EMTs are designed to enable everyday payments, digital commerce and cross-border transactions, offering a compliant and stable alternative to more volatile crypto assets.
Where to buy StablR USD (USDR)
You can buy USDR on Bybit’s Spot trading platform (Netherlands only), where it's available as part of two pairs, USDR/USDT and BTC/USDR.
To celebrate the listing, Bybit is holding three special events exclusive to its Netherlands users that will run through May 11, 2025, 9AM UTC. You need to register for the events to get started.
Event 1 (exclusive to new users) — To participate, sign up on Bybit, complete Identity Verification, deposit over $100 in any coin and trade more than 100 USDR (via your first trade with Bybit) to receive a 20 USDR reward.
Event 2 (stake to earn) — Stake USDR for seven days to earn 50% APR.
Event 3 (Bybit Card redemption) — Spend with your Bybit Card and redeem up to 10 USDR.
Closing thoughts
As MiCA regulations take hold, StablR USD (USDR) is leading the way in trustworthy, tokenized value powered by blockchain technology. Its diverse range of use cases, from payments to DeFi, position it as a cornerstone for compliant digital finance. A reliable, MiCA-compliant stablecoin that’s purpose-built for the European digital economy with full 1:1 USD backing held in regulated EU financial institutions and the right of redemption, StablR delivers trust and security in the rapidly evolving stablecoin market.
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