TL;DR
Tether will discontinue its euro-pegged stablecoin, EURT, by the end of 2025, in response to regulations in Europe, specifically the MiCA framework.
Holders must redeem their EURT before November 27, 2025.
Tether is focusing on new projects such as EURQ and USDQ, designed to comply with MiCA, and is promoting its Hadron platform.
Tether, the issuer of USDT, has announced that it will discontinue its euro-pegged stablecoin, Euro Tether (EURT), by the end of 2025. This decision, which includes ceasing new EURT issuances, is in response to stablecoin regulations in Europe, particularly the MiCA (Markets in Crypto-Assets) framework of the European Union, which sets new rules for the regulation of crypto assets across the continent.
EURT, launched in 2021, has had much more limited adoption compared to the success of its US dollar counterpart, USDT. Its market capitalization barely exceeds $38 million, representing a tiny fraction of USDT’s value. Tether had already halted the issuance of new EURT units in 2022, and with this new phase, it is urging EURT holders to complete their redemptions by November 27, 2025. The company is adjusting its strategy to align with the new regulations in the European market.
Tether’s New Projects
It is worth noting that the discontinuation of EURT is not an isolated case, as Tether has begun focusing on new projects that comply with MiCA regulations. These include the stablecoins EURQ and USDQ, created in collaboration with Quantoz Payments, a fintech company. These new assets have been designed to meet the requirements of MiCA, which establishes strict rules for the issuance and management of stablecoins in Europe.
Focus on Hadron
Additionally, Tether is working to enhance its Hadron platform, which facilitates the issuance and management of stablecoins and other tokenized assets. It aims to provide tools for regulatory compliance and financial risk management. Hadron simplifies the creation of new tokens, accelerating the asset tokenization process, and is part of the company’s initiative to promote a more inclusive, secure, and adaptable digital financial system.
With this strategic transition, Tether is adapting to new regulations and reinforcing its commitment to innovation and sustainability in the crypto industry, aligning its products with global regulatory demands while always striving to provide the best service for its users