Eneko Knörr is a Spanish entrepreneur and investor focused on crypto and financial infrastructure. He is the co-founder and CEO of Stabolut, a stablecoin and payments-focused project behind the USB stablecoin. Knörr is also known for founding and building multiple technology companies in Europe and the United States, including the Spanish hosting firm Hostalia, the Silicon Valley gaming company Ludei, the startup investment club AngelClub, and the digital asset custody provider Onyze.
Knörr’s profile in the digital assets ecosystem combines product building, early-stage investing, and public commentary on regulation and market structure. His current work at Stabolut is centered on designing a crypto-backed stablecoin that targets price stability while remaining independent from traditional banking rails. Stabolut positions USB as a yield-bearing stablecoin and frames the broader roadmap around a money transfer ecosystem that uses stable digital value for payments and settlement.
Before his involvement in crypto, Knörr built businesses in web infrastructure and consumer technology. He founded Hostalia, a Spanish web hosting company that was later acquired by Telefónica, and later launched Ludei, a San Francisco-based gaming startup. These ventures established his track record in scaling product-led companies and navigating exits, experience that later carried into investment activity and crypto infrastructure initiatives.
Knörr later founded AngelClub, a startup investment club structured around co-investing, and became an active angel investor in Spanish and international startups. Public profiles and interviews have associated him with early investments in companies such as Cabify, Ticketbis (acquired by eBay), Habitissimo (acquired by HomeServe), Petcoach (acquired by Petco), and Captio. In parallel, he has been affiliated with IE Business School in teaching roles related to blockchain, crypto, and entrepreneurship.
At Stabolut, Knörr leads strategy for USB, a stablecoin designed to track the U.S. dollar through crypto-backed collateralization and hedging. Stabolut describes USB as overcollateralized and backed by a basket of cryptoassets, mainly Bitcoin and Ether, with the peg supported using delta-neutral strategies. The project positions USB as more decentralized and independent of banks than fiat-reserved stablecoins, with an additional emphasis on yield generation for holders.
Stabolut’s public materials emphasize collateral quality, overcollateralization, and hedging as core components of its stability approach. The project describes USB as collateralized by cryptoassets while remaining independent from bank accounts, and it highlights decentralization as a design principle. This framing places Stabolut within a segment of the stablecoin market that seeks to minimize reliance on traditional financial intermediaries while attempting to provide a stable unit of account for on-chain users.
Because delta-neutral strategies can introduce operational and market risks, stablecoin designs in this category typically depend on transparent reporting, robust risk controls, and clear disclosures about how collateral, hedges, and yield are managed. The quality of execution, including liquidity management and counterparty exposure, often determines whether a stablecoin can maintain its intended peg during market stress.
Knörr’s work at Stabolut aligns with a broader industry push to expand stablecoin use beyond trading collateral and into real-world payments and cross-border settlement. In practical terms, stablecoins can reduce settlement time, simplify treasury operations, and enable 24/7 transfers across jurisdictions. Projects like Stabolut also intersect with regulatory debates around the role of privately issued “digital dollars” and the competitive position of euro-denominated stablecoins, themes Knörr has addressed in CryptoSlate guest posts including MiCA’s mistake: EU policy encourages US dollar dominance and Euro stablecoins are 0.15% of the market. Here’s how Europe catches up.
As CEO, Knörr represents Stabolut publicly and is associated with positioning USB within DeFi and payments narratives. His background as an entrepreneur and angel investor has also made him a visible participant in European crypto discussions, particularly around regulation, stablecoin competitiveness, and the infrastructure required for mainstream settlement. This blend of operating experience and market commentary has contributed to his profile among founders and builders focused on stablecoin design and institutional adoption paths.
Stablecoins that rely on crypto collateral and hedging strategies face distinct risks compared with fiat-reserved models. Key considerations include the resilience of the peg under volatility, the robustness of collateral and hedge management, liquidity during stress events, and the transparency of reporting around exposures. Regulatory uncertainty is also material, particularly for stablecoins positioned for payments, where licensing, consumer protection rules, and disclosure standards can vary significantly by region. For users evaluating USB or similar products, understanding the collateral model, the operational dependencies, and the conditions under which yield is generated remains essential.
All images, branding and wording is copyright of Eneko Knörr. All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the person mentioned on this page.
