StablR
About
StablR is a regulated electronic money institution licensed under MiCA, issuing fully collateralized Euro (EURR) and USD (USDR) stablecoins. The tokens are 1:1 backed by cash and cash equivalents held in segregated accounts, targeting businesses and financial institutions for cross-border payments, settlements, and programmable money applications on Ethereum, Solana, and Concordium blockchains.
Where Does Yield Come From?
StablR makes money from the interest it earns on the cash and safe assets that back its EURR and USDR stablecoins. The reserve funds sit in regulated banks or low-risk investments, and the interest income grows as more people hold and use the stablecoins.
StablR does not charge customers any fees for redemptions or transactions. And the company does not share that interest directly with token holders. EURR and USDR are designed as straightforward payment tools — you can always swap them back for the same amount of fiat money (1:1), but they do not pay you a yield on their own.
If someone wants to earn a return on their StablR stablecoins, they would need to take them outside the protocol — for example, by lending them or supplying them to a liquidity pool in a separate DeFi (decentralized finance) application. StablR does not run or control those external services.
Persons
Gijs op de Weegh
Founder & Chief Executive Officer
Corné van der Meijden
Chief Risk & Operations Officer
Julia Frendo
Chief Financial Officer
Robin Nijkamp
Chief Technology Officer
Benjamin Whitby
INED and Chairman
Christine Bezzina
INED
Audits
| Audit / Date | Findings | Verdict |
|---|---|---|
Grant Thornton09-05-2025 |
| This report provides limited assurance on the adequacy of reserves backing stablecoins, but does not constitute a security audit of smart contract code or protocol design. |
Grant Thornton11-08-2025 |
| This is a financial assurance review, not a security audit; it provides limited assurance on reserve adequacy but does not evaluate smart contract or protocol security risks. |
Grant Thornton03-11-2025 |
| This financial review confirms reserve adequacy but does not assess code security; a separate security audit would be needed to evaluate smart contract risks. |
Grant Thornton28-01-2026 |
| This is a proof-of-reserves review confirming adequate backing for stablecoins, not a security audit; no code vulnerabilities or smart contract risks are assessed. |
Backers
StablR has received strategic investments from two major industry players: Tether (the global stablecoin issuer) made a strategic equity investment in December 2024, and Kraken (the cryptocurrency exchange) made a strategic investment in July 2025. No specific investment amounts or round details were disclosed in the official announcements.
Legal
Legal form
Private limited liability company (Ltd.)
Registration jurisdiction
Malta (company registration number C-104007, registered address: Level 1, BusinessLabs, Dun Karm Street, Birkirkara, BKR 9037)
Status and notes
Authorised and regulated by the Malta Financial Services Authority (MFSA) as a Financial Institution licensed to issue Electronic Money Tokens (EMTs) under the Third Schedule to the Financial Institutions Act (Chapter 376 of the Laws of Malta) and in accordance with Regulation (EU) 2023/1114 (MiCA).