Hassan Maishera
TL;DR
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Tether is set to discontinue its EURT stablecoin due to regulations in the EU.
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The company has asked customers holding the Euro stablecoin on all supported blockchains to redeem by Nov. 27, 2025.
Tether to Discontinue its EURT Stablecoin
Tether has announced that it will discontinue support for its Euro stablecoin, EURT, citing regulatory challenges in the European economic area. In a statement yesterday, the stablecoin issuer told customers holding EURT on all supported blockchains to redeem their assets by Nov. 27, 2025
Furthermore, new EURT issuance requests are no longer accepted, though the company confirmed that the last acquisition request was processed in 2022. Tether stated that,
“After careful consideration, we have made the decision to discontinue support for EUR₮. As such, Tether has ceased minting EUR₮, with the last acquisition request processed in 2022, and new EUR₮ issuance requests are no longer accepted.
This decision aligns with our broader strategic direction, considering the evolving regulatory frameworks surrounding stablecoins in the European market. Until a more risk-averse framework is in place—one that fosters innovation and offers the stability and protection our users deserve—we have chosen to prioritize other initiatives.”
The stablecoin issuer added that it would instead support new ventures, such as Quantoz Payments’ MiCA-compliant stablecoins, EURQ, and USDQ, powered by Tether’s real-world asset tokenization platform, Hadron.
Non-compliant crypto companies have been exiting the European market as the Markets in Crypto-Assets regulation (MiCA) regulation is set to come into effect in December.
The regulation mandates that stablecoins issued in Europe pass increased regulatory requirements. Stablecoin issuers operating outside the EU but providing services to EU residents must comply with MiCA regulations.
Tether’s EURT was previously the leading Euro stablecoin, with a market cap above $500 million. However, it has lost this position since the implementation of select provisions of the new regulations in June.
MiCA-compliant stablecoins, such as Stasis’ EURS, Circle’s EURC, and Société Générale’s EURCV, are currently the leading Euro stablecoins, representing a supply of $133 million, $91 million, and $41 million, respectively.
Tether has also applied for a USDT stablecoin license under MiCA but has yet to gain approval. Its USDT stablecoin is currently the largest in the world, with a market supply of nearly $133 billion.
