Tether Ends EURT Support by November 2025, Shifts to MiCAR-Compliant Stablecoins

Nov 27, 2024, 02:12 PM

Tether has announced the discontinuation of its euro-pegged stablecoin, EURT, due to unfavorable regulatory conditions in the European Union. The company, which has a market cap of $38 million for EURT, is preparing to shift its focus to MiCAR-compliant EURQ and USDQ stablecoins through Quantoz Payments. EURT holders have until November 27, 2025, to redeem their tokens. This move reflects the broader regulatory challenges facing stablecoin issuers in the EU, where the total issuance of euro stablecoins stands at approximately €330 million across all issuers.