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Euro stablecoin startup StablR receives €3.3 million in seed funding

Stablecoin startup StablR announced today that it has raised €3.3 million ($3.5 million) in seed funding to establish its euro-based stablecoin business. Deribit, Maven 11, Theta Capital, Folkvang, and Blocktech all participated in this round of financing. StablR began issuing euro-backed stablecoins on October 12th, with the stock code EurR, and stated that it minted over 10 million tokens in the first month alone. The startup has been in operation for over a year (since August 2022).

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