According to PANews, Tether has announced the discontinuation of its euro stablecoin, EUR₮, ceasing the processing of new minting requests since 2022. This decision comes in response to the increasingly complex regulatory environment surrounding stablecoins in Europe. Tether is shifting its focus to support new projects, such as the introduction of new stablecoins EURQ and USDQ, developed in collaboration with Quantoz Payments and compliant with MiCAR regulations.
Tether aims to provide efficient and compliant support for asset issuance, including stablecoins, through its technology platform, Hadron. Existing EUR₮ users are advised to complete redemption operations by November 27, 2025. This strategic move reflects Tether's adaptation to the evolving regulatory landscape and its commitment to aligning with new compliance standards in the European market.