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Stablecoin issuer Tether has announced the termination of its EURT coin, which is indexed to the Euro at a 1:1 ratio, citing regulatory changes within the European Union. The company stated that no new EURT tokens will be minted, and users must return their existing coins by November 27, 2025. This decision responds to the regulatory uncertainty present in the European market.
Impact of European Cryptocurrency Regulations on Decision
Tether provided a detailed explanation regarding its decision. The company emphasized its community-focused approach and the necessity for a regulatory framework that supports innovation. They stated, “We prioritize user safety, sustainability, and innovation. Until the regulatory uncertainties in Europe are resolved, we have decided to redirect our resources to more efficient areas.”
Tether highlighted that the last minting of EURT occurred in 2022, indicating that no new requests have been accepted since then. They plan to focus on different projects until regulations become clearer.
Investment in New Projects and Technology
Tether announced plans to prioritize new stablecoin projects instead of EURT. The company is currently collaborating with Quantoz Payments to develop EURQ and USDQ coins, which comply with Europe’s MiCAR regulations. These new coins will be supported by Tether’s Hadron technology.
Hadron technology aims to facilitate the tokenization of assets such as stablecoins, stocks, bonds, and loyalty points. Tether stated, “With Hadron, we are not only providing tools but redefining the future of the financial system.”
Tether reminded current EURT holders to return their coins within a year and encouraged users to contact their support team. The company concluded by stating, “With the support of our community, we are building a more sustainable and democratic financial system.”
