Shift

Request

<ul>
 <li aria-level="1">EURT Holders Must Redeem Coins By November 27, 2025; Decision Influenced by Stringent MiCA Law.</li>
 <li aria-level="1">Following MiCA’s Enactment, Tether Suspended USDT in EU Markets, Awaiting More Favorable Regulatory Framework.</li>
 <li aria-level="1">Tether’s Strategic Shift Away From EURT Reflects Broader Challenges for Stablecoins in EU, Underlines Compliance with MiCA. ​</li>
</ul>
Tether announced it will stop supporting EURT, its Euro-based stablecoin, aligning with recent regulatory changes under the EU’s Markets in Crypto-Assets (MiCA) law. The last issuance of EURT was processed in 2022, and no new issuances will be accepted. 
Tether advised that users possessing EURT have until November 27, 2025, to redeem their holdings.
<blockquote>
 Whether backed by fiat currency or another store of value, our priority is ensuring user safety, usability, and sustainability. Our objective is to allocate resources where they can best enhance security and efficiency while fostering ongoing innovation across the crypto landscape. –&nbsp; Tether Updates
</blockquote>
This decision follows the introduction of MiCA, which imposes stringent regulations on stablecoins. Tether’s cessation of EURT issuance is seen as a compliance measure with these new regulations. 
While the company did not explicitly cite MiCA, the timing and nature of the decision suggest a direct influence.
MiCA, or the Markets in Crypto-Assets Regulation, is an EU legislative framework designed to regulate crypto-assets like stablecoins and digital tokens. Its primary goals are to ensure consumer protection, maintain market integrity, and uphold financial stability across Europe.&nbsp;
The regulation covers issuers and service providers of crypto-assets, imposing stringent disclosure requirements, authorization, and operational standards to prevent market abuse and ensure transparency.&nbsp;
As part of the EU’s strategy to integrate digital finance securely, MiCA aims to create a harmonized regulatory environment that protects consumers while fostering innovation within the crypto market.
<blockquote>
 This decision aligns with our broader strategic direction, considering the evolving regulatory frameworks surrounding stablecoins in the European market. 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.&nbsp; –&nbsp; Tether Updates
</blockquote>
In response to the regulatory environment, Tether has also withdrawn its flagship <a href="https://www.ethnews.com/ethereum-regains-the-lead-in-tether-dominance-surpassing-tron-with-44-56-of-the-tether-supply/" rel="noopener noreferrer nofollow">USDT stablecoin</a> from European markets. The company expressed that it will wait for a regulatory framework that better supports innovation while providing stability and protection for users. Until such a framework is established, Tether will focus on other initiatives.
Tether’s move highlights the impact of regulatory changes on the <a href="https://www.ethnews.com/tether-completes-first-crude-oil-transaction-using-usdt-valued-at-45-million-facilitating-efficient-payment-processing/" rel="noopener noreferrer nofollow">stablecoin market</a>, particularly in regions with stringent financial oversight like the EU.
The post <a href="https://www.ethnews.com/tether-ends-eurt-issuance-aligning-with-eus-mica-regulation-last-request-processed-in-2022-no-new-requests-accepted/" rel="noopener noreferrer nofollow">Tether Ends EURT Issuance, Aligning With EU’s MiCA Regulation; Last Request Processed in 2022, No New Requests Accepted</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

Tether Ends EURT Issuance, Aligning With EU’s MiCA Regulation; Last Request Processed in 2022, No New Requests Accepted

ETHNews

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