Tether Will End Support for its Stablecoin EURT
Tether has announced that it will no longer support its Euro stablecoin due to changing regulations and a decrease in interest from the community. The statement explicitly stated that customers holding EURT on Ethereum, Solana, and Tron should redeem their assets before November 27, 2025.
New requests for EURT issuance are no longer being accepted and the company confirmed that the last acquisition request was processed in 2022. Tether cited the evolving regulatory landscape in Europe as the main factor in their decision, stating that until a more stable and supportive framework is in place, they have chosen to focus on other projects.
They also announced a shift in focus towards supporting new initiatives, such as Quantoz Payments’ MiCA-compliant stablecoins EURQ and USDQ, which will be powered by Tether’s asset tokenization platform, Hadron.
The EU’s Markets in Crypto-Assets regulation (MiCA) was approved in April 2023, under the supervision of the European Securities and Markets Authority. It introduces stricter regulatory requirements for stablecoins issued in the region, further influencing Tether’s decision to discontinue support for its Euro stablecoin.
