PANews reported on May 29 that according to The Block, two European companies invested by Tether, StablR, and the payment application Oobit jointly launched a stablecoin plan that complies with the EU's Markets in Crypto-Assets Act (MiCA). StablR's euro-pegged stablecoins EURR and USDR will be connected to the Oobit payment system, and users can get a 5% stablecoin cashback when using them. This move comes at a time when Tether is gradually withdrawing from the European market due to compliance issues. At the end of 2024, Tether's euro stablecoin EURT was forced to delist due to non-compliance with MiCA requirements. The currency's previous market value peaked at US$500 million. Exchanges including Binance and Kraken have also begun to delist USDT in the European Economic Area.

StablR holds an Electronic Money Institution (EMI) license issued by the Malta Financial Authority and uses Tether's Hadron asset tokenization platform for compliance audits. Oobit received a $25 million Series A funding round led by Tether in 2024, with investors including Solana co-founder Anatoly Yakovenko and others.