TechFlow news, May 19 — According to an announcement by Huobi HTX, the exchange has enabled deposit services for USDR and EURR as of 16:00 (GMT+8) on May 19. Spot trading pairs USDR/USDT and EURR/USDT will go live at 18:00 (GMT+8) on May 19. Withdrawal services for USDR and EURR will be available starting 18:00 (GMT+8) on May 20.
StablR USD (USDR) is a MiCAR-compliant (Markets in Crypto-Assets Regulation of the European Union) dollar-pegged stablecoin, maintaining a 1:1 parity with the U.S. dollar and redeemable proportionally. StablR Euro (EURR) is a euro-pegged stablecoin with a 1:1 value anchor to the euro, also redeemable proportionally. Both stablecoins are backed by collateral assets consisting of fiat currencies and short-term government bonds. Their primary goal is to offer a digital alternative that is more efficient, secure, and accessible compared to traditional forms of money.
