Tag: Deribit

StablR, an EU stablecoin issuer, continues to operate under heightened scrutiny due to both its leadership’s controversial legacy and the evolving regulatory environment in the EU. The company issues two stablecoins: EURR (euro-pegged) and USDR (dollar-pegged). As of May 1, 2025, StablR reports 12,654,544 EURR issued and 5,400,469 USDR issued.

StablR, a stablecoin issuer founded by Dutch tech entrepreneur Gijs Op de Weegh in April 2023, has garnered attention with its MiCA-compliant euro stablecoin EURR and recent seed financing success. However, a closer examination reveals significant concerns regarding the company’s leadership and background that could undermine investor confidence. Key individuals of the StablR scheme, including its founder and CEO, have a past with the notorious scam facilitator Payvision.

A British Virgin Islands court ordered the liquidation of Three Arrows Capital Ltd (3AC). after creditors sued the crypto hedge fund for failure to repay debts, WSJ reports. Three Arrows Capital suffered losses in recent weeks due to collapsing crypto prices. Bitcoin’s dollar value has fallen by more than a third this month. Former Wall Street traders Zhu Su and Kyle Davies started the crypto hedge fund nearly a decade ago. It had roughly $3 billion in assets under management in April, just before crypto markets cratered.