Tether-Backed Firms Launch MiCA-Compliant Stablecoins EURR and USDR in Response to EU Regulatory Shifts

In a strategic MOVE to align with the European Union’s Markets in Crypto-Assets (MiCA) framework, Tether-backed companies StablR and Oobit are introducing regulatory-compliant stablecoins. This initiative comes in the wake of major exchanges like Binance and Kraken delisting USDT in the European Economic Area. StablR is set to launch EURR and USDR, fully backed and audited stablecoins designed to meet MiCA’s stringent requirements. Leveraging Tether’s expertise, these new offerings aim to provide a compliant and stable digital asset solution for the European market, marking a significant step in the evolution of stablecoins under evolving regulatory landscapes.

Tether-Backed Firms Launch MiCA-Compliant Stablecoins Amid EU Regulatory Shifts

Tether-backed companies StablR and Oobit are spearheading a regulatory-compliant stablecoin initiative in Europe, responding to the EU’s Markets in Crypto-Assets (MiCA) framework. The move follows the delisting of USDT by major exchanges like Binance and Kraken in the European Economic Area.

StablR will issue EURR and USDR stablecoins, fully backed and audited to meet MiCA requirements, leveraging Tether’s new Hadron platform. Oobit, fresh from a $25 million Series A funding round, plans to integrate these assets into its crypto payments infrastructure.

Starknet Launches Asset Runes to Bridge Bitcoin with USDC and Other Tokens

Starknet has introduced Asset Runes, a new feature enabling Bitcoin users to access tokens like USDC directly on the Bitcoin network. The announcement, made via a May 27 post on X, highlights Starknet’s effort to bring stablecoins, Ethereum-based assets, and real-world assets to Bitcoin without compromising its native features.

Each Asset RUNE is fully reserve-backed, ensuring 1:1 redeemability. USDC is the first supported asset, with STRK, ETH, and USDT slated for imminent integration. The system leverages a trust-minimized Bitcoin-Starknet bridge, secured by contributors including Xverse and UTXO Management.

Vietnamese Police Arrest Gang Behind $394M Matrix Chain Crypto Scam

Vietnamese authorities have dismantled a sophisticated crypto fraud operation, arresting five individuals linked to the Matrix Chain scam. The alleged pyramid scheme defrauded over 185,000 investors of nearly $400 million in USDT before being uncovered in a 200-day investigation involving elite police units.

The scheme promised outsized returns and commissions, luring victims with a nominal 1 USDT software access fee. Forensic analysis shows 40% of funds flowed to regional recruiters, while the remainder financed luxury purchases—leaving investors with worthless tokens.