Odaily Planet Daily News - Stablecoin issuer Tether announced in a statement on November 27 that it plans to discontinue support for its euro stablecoin EURt. Tether CEO Paolo Ardoino attributed the move to the changing regulatory environment for stablecoins in Europe. The company stated that it has stopped minting new EURt tokens, with the last issuance request processed in 2022. Current holders of the asset can redeem their tokens before November 27, 2025. Data shows that EURt has struggled to gain attention in Europe, with a market capitalization of only $38 million, lagging behind Circle's EURC (market cap of $90.5 million) and Stasis's Euro (market cap of $130 million). In stark contrast, Tether's flagship stablecoin USDT has a market cap of $132 billion, more than three times that of its closest competitor USDC. While Tether may not comply with MiCA regulations, Ardoino noted that the company's new initiative Hadron will be a priority in the European region. According to him, Hadron has the potential to completely change the accessibility of asset tokenization for institutions, governments, fund managers, and private companies. (CryptoSlate)