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Stablecoin startup StablR has completed a seed funding round of approximately $3.5 million, with participation from Deribit and others.

According to BlockBeats news on November 7th, StablR, a startup company for Euro stablecoin, announced the completion of a €3.3 million (approximately $3.5 million) seed round financing with participation from Deribit, Maven 11, Theta Capital, Folkvang and Blocktech. StablR started operating in August 2022 and began issuing Euro-backed stablecoins with the code EurR on October 12th this year. Currently, StablR is registered as a virtual financial asset issuer in Malta.

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