🚀 Big moves in the stablecoin world! Tether is saying goodbye to its euro stablecoin, EURT, as EU regulations tighten under MiCA. Users can redeem until Nov 2025. Tether's CEO, Paolo Ardoino, has been vocal against these new rules, and the company hasn't secured an EMI license yet. Meanwhile, Circle is ready to roll in the EU with its compliant USDC. 💼
Tether's EURT struggled with just a $27M market cap, far behind competitors. But fear not, Tether is investing in new ventures like Quantoz and launching Hadron to support MiCA-compliant tokens. What are your thoughts on this strategic pivot? Share below!