Tether, the leading stablecoin issuer, has announced the discontinuation of its euro-backed stablecoin EURT, urging holders to redeem tokens by November 27, 2025. EURT minting ceased in 2022, reflecting Tether's strategic response to evolving regulatory standards.
This decision aligns with the increasing regulatory focus in Europe, particularly the EU's Markets in Crypto-Assets (MiCA) framework.
Crypto exchanges such as Bitstamp, OKX, and Coinbase have already begun delisting EURT and other non-MiCA-compliant stablecoins to adhere to these regulations. Bitstamp, one of the earliest EURT supporters, removed the token by June 2024, while Coinbase plans to delist non-compliant stablecoins by December 2024.
In response to these regulatory shifts, Tether is introducing two MiCA-compliant stablecoins, EURQ and USDQ, developed in partnership with Netherlands-based fintech firm Quantoz Payments. These stablecoins are designed to enable secure and efficient transactions within the European market. They are supported by Tether’s Hadron platform, which simplifies the creation of stablecoins and tokenized assets.
The Hadron platform includes built-in compliance tools, offering a robust framework for tokenizing stocks, bonds, and other assets. By focusing on EURQ and USDQ, Tether aims to provide well-regulated, reliable, and versatile digital currencies that cater to the needs of the evolving European digital economy while maintaining compliance and operational efficiency. This transition strengthens Tether's leadership in the stablecoin sector amid increasing global regulatory demands.
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