DAREX Tier: Not applicable (digital assets service providers only)

Unlike the opaque offshore stablecoin operators dominating the crypto market, StablR operates as a fully transparent, heavily regulated Electronic Money Institution (EMI). Based in Malta and fully compliant with the EU’s Markets in Crypto-Assets (MiCA) regulation, StablR issues 1:1 fiat-backed stablecoins (EURR and USDR) designed for institutional liquidity, DeFi applications, and cross-border payments.

R42 Risk Signal

• Traffic Light: 🟢 GREEN (Standard / Low Risk)

• Confidence Grade: A (High – Confirmed via public registry data, daily reserve attestations, and Tier-1 licensing)

• Risk Signal Explanation: StablR is assigned a GREEN signal because it represents the regulatory ideal for digital asset issuers in the European Union. The entity is fully transparent regarding its ultimate beneficial owners and executive team, holds a Tier-1 EMI license from the Malta Financial Services Authority (MFSA), and proactively complies with MiCA. Its assets are fully backed by fiat reserves held in segregated EU trust accounts, and the company is free from adverse media, sanctions, or FinTelegram warnings.

Key Data Table

Operational Overview

StablR issues electronic money tokens (EMTs) pegged 1:1 to fiat currencies, specifically the Euro (EURR) and the US Dollar (USDR). Its business model revolves around providing highly regulated, audited digital liquidity to the European crypto ecosystem. By utilizing daily proof-of-reserve attestations, StablR ensures that every token minted on the blockchain corresponds directly to fiat cash or cash-equivalents held in secure, segregated bank accounts.

Regulatory Framework

StablR operates under a strict, dual-layered regulatory framework. It holds an Electronic Money Institution (EMI) license from the Malta Financial Services Authority (MFSA), granting it passporting rights across the European Economic Area (EEA). More importantly, its token issuance and reserve management processes are built from the ground up to comply with the EU’s Markets in Crypto-Assets (MiCA) regulation, setting a benchmark for legal stablecoin operations in Europe.

Ownership & Executives

The company boasts a fully public and verifiable executive team:

• Gijs op de Weegh (Founder & CEO)

• Corné van der Meijden (Chief Risk & Operations Officer)

• Julia Frendo (Chief Financial Officer)

• Robin Nijkamp (Chief Technology Officer)

• Strategic Backing: StablR has secured significant equity investments and strategic partnerships from major crypto industry players, including Tether (December 2024) and Kraken (July 2025), who are leveraging StablR to maintain a compliant foothold in the MiCA-regulated European market.

Corporate Structure

StablR Limited operates out of Malta, leveraging the jurisdiction’s mature financial services framework and early adoption of comprehensive digital asset legislation. The corporate structure is straightforward, avoiding the complex offshore shell webs typical of high-risk crypto entities.

Technical Footprint

StablR natively issues its EURR and USDR tokens across multiple blockchains, including Ethereum, Solana, and the regulatory-focused Concordium network. A key component of its technical footprint is the integration of Tether’s Hadron platform, which StablR utilizes for tokenization, comprehensive KYC/AML screening, and continuous risk management.

Merchant/Customer Footprint

StablR does not cater to high-risk, unregulated offshore merchants. Its primary footprint consists of institutional traders, decentralized finance (DeFi) liquidity pools, and compliant Web3 payment applications (such as Oobit and Zengo Wallet). It actively services clients requiring a stable, regulatory-approved fiat on/off ramp in Europe.

Enforcement/Litigation History

There is no history of regulatory enforcement, litigation, fines, or public warnings against StablR Limited.

Red Flags

• None currently identified. StablR demonstrates best-in-class compliance.

• General Sector Risk: As with any stablecoin, the primary ongoing risk is systemic (e.g., the stability of the traditional banking partners holding the fiat reserves). However, StablR mitigates this through transparency and daily attestations.

Merchant Due-Diligence Checklist

For exchanges, B2B partners, or acquiring banks interacting with StablR:

• [x] Verify Daily Attestations: Regularly review the independent audit reports confirming the 1:1 fiat backing of EURR and USDR.

• [x] Smart Contract Audits: Ensure continuous monitoring of the security audits for StablR’s token contracts on Ethereum and Solana.

• [x] Monitor MiCA Implementation: Continue to verify StablR’s ongoing alignment with technical MiCA updates as the framework evolves throughout 2026.

Evidence Box (Sources)

• MFSA Financial Services Register: Verification of EMI License for StablR Limited (C 104007).

• Corporate Announcements: Public disclosures of Kraken and Tether strategic investments.

• On-Chain Data: Daily proof-of-reserve publications available via the StablR platform.

Update Log

• February 27, 2026: Initial RatEx42 profile published. Risk status set to GREEN based on MFSA licensing, MiCA compliance, and transparent reserve management.

Whistle42 Call to Action

Help us monitor the stablecoin sector. Even highly regulated entities require industry oversight. If you are an insider with knowledge of discrepancies in StablR’s reserve accounting, undisclosed banking relationships, or issues with the Hadron KYC/AML platform, we want to hear from you. Submit your information securely and anonymously at Whistle42.