Loading...
Loading...
Browse all stories on DeepNewz
VisitWhat will happen with EURT token redemptions by November 27, 2025?
All EURT tokens are redeemed • 25%
Majority (over 50%) of EURT tokens are redeemed • 25%
Minority (under 50%) of EURT tokens are redeemed • 25%
No significant redemptions • 25%
Official statements from Tether or financial news outlets
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.
View original story
Yes • 50%
No • 50%
Bitfinex • 25%
Kraken • 25%
Binance • 25%
Other exchange • 25%
Regulatory pressure • 25%
Falling demand • 25%
Shift to MiCA compliance • 25%
Other reasons • 25%
Avalanche • 25%
Polkadot • 25%
Cardano • 25%
Other • 25%
Above 70% • 33%
Between 50% and 70% • 33%
Below 50% • 33%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
Low adoption (under 10% of euro stablecoin market) • 25%
Negligible adoption (under 1% of euro stablecoin market) • 25%
High adoption (over 30% of euro stablecoin market) • 25%
Moderate adoption (10-30% of euro stablecoin market) • 25%