The world's largest stablecoin USDt issuer Tether announced that it will stop supporting its euro-pegged stablecoin EURt and requires all holders to redeem their tokens by November 25, 2025. (Background: Why Binance's 'Interest-Bearing Margin BFUSD' could potentially change the exchange stablecoin ecosystem?) (Background Supplement: Bitcoin Hot Money Surge) Binance's monthly trading volume reached twice that of the New York Stock Exchange, with stablecoin inflows hitting record highs, and Tether's market value surpassing Citigroup. In a statement on November 27, Tether pointed out that it will cease issuing EURt on all blockchains, will no longer accept new issuance requests, and requires holders to redeem their tokens by November 25, 2025. The current market value of the euro stablecoin EURt is $27 million. Since its launch in 2016, EURt has been pegged to the euro at a 1:1 ratio, but its current market value has declined to $27 million, accounting for only 0.02% of Tether's total market value. The company emphasized that this decision aligns with its broader strategic direction and aims to concentrate resources on developing stablecoin projects that meet the latest regulatory requirements. The EU MiCA Law's impact is gradually fermenting. Tether's decision is closely related to the increasingly stringent stablecoin regulatory framework in Europe, especially with the upcoming implementation of the European Crypto-Asset Market Regulation (MiCA) at the end of this year. Tether CEO Paolo Ardoino has previously publicly criticized the MiCA regulations, believing they could pose systemic risks to the stablecoin market, but the company has had to make adjustments in the face of the law. Tether earlier announced that it would prioritize supporting new stablecoin projects that comply with MiCA regulations and has started collaborating with Dutch fintech company Quantoz to launch EURq and USDq stablecoins, claiming they can ensure compliance and anti-money laundering measures. Circle's euro stablecoin EURC is rising. At the same time that Tether announced it would stop issuing EURt, one of its biggest competitors, Circle co-founder Jeremy Allaire, posted on X stating that EURC is currently one of the largest euro stablecoins in the market and has seen rapid growth this year, seemingly kicking a dog when it's down. EURC operates in compliance with clear European regulations, with trading volume and on-chain foreign exchange usage continually climbing, and an increasing number of exchanges and wallets have begun to support EURC. According to data, the current market value of EURC is approximately $90 million, which is more than three times that of EURt. Related Reports: Europe's AI Infrastructure suffers a crushing defeat to China and the US! Huang Renxun sells the melon: NVIDIA GPUs are the best solution to closing the gap. (Perspective) Why Binance's 'Interest-Bearing Margin BFUSD' could potentially change the exchange stablecoin ecosystem? Payment Milestone: Stripe launches 'B2B Stablecoin Transfers' supporting USDC, able to create invoices. (MiCA Effect) Tether stops supporting the EURt euro stablecoin, Circle co-founder adds: Everyone uses EURC. This article was originally published in BlockTempo (BlockTempo - the most influential blockchain news media).