Bitfinex Lists StablR USD (USDR) and Euro (EURR) Stablecoins to Meet European Demand

Bitfinex, a prominent digital asset trading platform, has unveiled the listing of two new stablecoins, the StablR USD (USDR) and StablR Euro (EURR), in response to the burgeoning demand for digital assets across Europe. This strategic move, announced on January 14, 2025, is aimed at bolstering liquidity and providing ease of use in the European digital asset ecosystem.

Stablecoin Introduction

The newly listed tokens, USDR and EURR, are Ethereum-based stablecoins fully collateralized to ensure reliability and accessibility. These stablecoins are designed to comply with the European Union's new Markets in Crypto Asset Regulations, ensuring they meet the region's stringent regulatory standards.

Bitfinex's Commitment to Innovation

Anoush Bhasin, Head of Listings at Bitfinex, emphasized the platform's commitment to innovation by stating, "The addition of StablR USD and StablR Euro to our platform underscores Bitfinex’s dedication to meeting the evolving needs of our customers with innovative and reliable digital assets." He further highlighted that these stablecoins provide a robust solution for the growing demand in the European market, offering users the stability and efficiency required to navigate the digital asset ecosystem confidently.

Launch Details

Bitfinex plans to open deposits for USDR and EURR at approximately 2:00 PM UTC on January 14, 2025. Trading is expected to commence at around 3:00 PM UTC on January 16, 2025, contingent on meeting liquidity requirements. Interested users can access these stablecoins through the Bitfinex platform. For more details, visit the official Bitfinex blog.

About Bitfinex

Founded in 2012, Bitfinex offers a comprehensive suite of advanced trading features and charting tools. The platform provides access to peer-to-peer financing, an OTC market, and margin trading for a wide selection of digital tokens. Bitfinex is renowned for its focus on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers globally.