StablR, a euro stablecoin startup that began operating just over a year ago, has successfully raised €3.3 million ($3.5 million) in a seed funding round. The investment comes from a consortium of backers, including crypto derivatives exchange Deribit and venture firms Maven 11, Theta Capital, Folkvang, and Blocktech, according to a Tuesday announcement from the firm. StablR introduced its euro-backed stablecoin, EurR, in October, and within the first month, more than 10 million tokens were minted, a report from The Block said, citing StablR founder Gijs op de Weegh. The stablecoin is intended to operate across several blockchains with the help of the Qredo Network.
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