Tether discontinues support for euro-pegged stablecoin EURt

Tether, the issuer of USDt (USDT) — the world’s largest stablecoin by market capitalization — is dropping support for its euro-pegged stablecoin, asking users to redeem holdings within one year.

The last acquisition request for EURt was processed in 2022, and new EURt issuance requests are no longer accepted, the firm said.

“This decision aligns with our broader strategic direction, considering the evolving regulatory frameworks surrounding stablecoins in the European market,” the announcement added.

EURt holders should redeem​​ assets by November 2025

“Community interest is central in our decision-making process for deploying Tether tokens,” Tether said in the announcement.

Following the EURt support discontinuation, EURt holders on all blockchains should redeem their holdings within one year, ending on Nov. 25, 2025, it added.

Tether cites European stablecoin regulations

“Until a more risk-averse framework is in place — one that fosters innovation and offers the stability and protection our users deserve — we have chosen to prioritize other initiatives,” Tether said.

Tether will focus on investing in MiCA-compliant stablecoins

While dropping its euro stablecoin, Tether will continue to support new projects providing MiCA-compliant stablecoins, including EURq and USDq stablecoins by the Dutch fintech company Quantoz Payments.

According to the latest announcement, Quantoz’s EURq and USDq stablecoins will be enabled by a Tether-designed technology solution called Hadron.

The Hadron tool aims to support issuers in simplifying the process of creating and managing stablecoins and offering robust blockchain interaction, compliance and Anti-Money Laundering mechanisms.

“Through investments in projects like these, Tether isn’t just creating tools — we’re redefining what’s possible in finance, offering more adaptable and user-centric solutions that drive the evolution of a stable, inclusive financial ecosystem,” Tether said.