Leading stablecoin issuer Tether has discontinued its EURt stablecoin, tethered to the euro. The company has discontinued all support and the minting of EURt tokens, citing a shift in strategy to prioritize regulatory-compliant projects.
EURt token holders have until November 25, 2025, to redeem their holdings. Tether indicated that the production of new EURt coins would end in 2022, and no additional issuance requests will be considered. This decision underscores the company’s efforts to adapt to the tighter regulatory situation in Europe.
The decision comes as Tether aligns its operations with the European Union’s Markets in Crypto-Assets (MiCA) regulations, which impose stringent compliance requirements for stablecoins operating in the region. By the end of 2024, these regulations aim to enhance the transparency and stability of digital assets.
As part of this strategy shift, Tether will concentrate on creating MiCA-compliant stablecoins. This includes the future launch of EURq and USDq coins in conjunction with Dutch fintech company Quantoz Payments. Tether’s Hadron platform, which streamlines compliance, blockchain integration, and anti-money laundering procedures, will handle these new stablecoins.
The change is a crucial milestone in Tether’s strategy for overcoming regulatory difficulties while maintaining its stablecoin market leadership. By adjusting to these changes, Tether hopes to provide its consumers with secure and compliant alternatives while continuing to innovate in the digital banking field.
