PANews, November 27 - Tether announced that it will cease support for its euro stablecoin EUR₮, and has stopped processing new minting requests as of 2022. This decision is based on the increasingly complex regulatory environment of the European stablecoin market, while Tether will prioritize supporting new projects, such as the new stablecoins EURQ and USDQ launched in collaboration with Quantoz Payments in compliance with MiCAR regulations. Tether will also provide efficient compliance support for asset issuance, including stablecoins, through its technology platform Hadron. Existing EUR₮ users must complete redemption operations by November 27, 2025.