On 21 July 2025 StablR announced a “strategic investment” from U.S. exchange Kraken. The press release touts €‑stablecoin EURR and $‑stablecoin USDR “live on 50+ exchanges, 150+ pairs” and claims US $3 billion in 2025 volume so far. Kraken’s VP of Product Mark Greenberg calls the deal a “next wave of crypto adoption.”
StablR Ltd (Malta, C 104007) positions itself as a MiCA-ready euro-stablecoin issuer. Official filings show a simple Dutch holding chain, but deeper registry work and legacy links to Payvision’s cyber-crime scandal raise doubts about the project’s true beneficial owners (UBOs). While no hard evidence yet ties Payvision founder Rudolf Booker (or other ex-shareholders) directly to StablR, multiple red flags—including addresses previously used by Booker-controlled entities and a board dominated by former Payvision managers—demand regulatory scrutiny.