Tether Discontinues Euro Stablecoin Amid Regulatory Changes

Tether Discontinues Euro Stablecoin Amid Evolving Regulations

Tether, one of the leading stablecoin issuers in the cryptocurrency ecosystem, has announced the discontinuation of its euro stablecoin, EUR₮. This change marks a significant shift in Tether's strategy, driven primarily by the increasingly complex regulatory environment surrounding stablecoins in Europe.

Background on Tether's Decision

As per reports from PANews, Tether has stopped processing new minting requests for EUR₮ since 2022. This pause signals the company's response to the uncertainty and regulatory challenges posed in the European market, which has prompted a reevaluation of its asset issuance strategy.

Tether's New Focus: EURQ and USDQ

In place of EUR₮, Tether is looking to diversify and innovate with the introduction of new stablecoins, namely EURQ and USDQ. These new projects are developed in collaboration with Quantoz Payments and aim to comply with the forthcoming Markets in Crypto-Assets Regulation (MiCAR) in Europe. This strategic pivot highlights Tether's commitment to creating a more adaptable and compliant ecosystem.

Hadron: The Technology Behind Asset Issuance

Additionally, Tether is enhancing its technological capabilities through its platform, Hadron. This platform is designed to efficiently support the issuance of various digital assets, including stablecoins, while ensuring strict adherence to regulatory standards.

Important Information for Existing Users

For users currently holding EUR₮, Tether has advised that they should complete any needed redemption operations by November 27, 2025. This timeline provides ample opportunity for users to transition before the discontinuation takes full effect.

Conclusion: Adapting to the Regulatory Landscape

Tether's decision to discontinue EUR₮ is a clear indication of its strategic adaptation to the evolving regulatory landscape in Europe. By shifting focus towards compliant projects like EURQ and USDQ, Tether aims to maintain its prominent standing in the cryptocurrency market while aligning with regulatory expectations.

Stay Updated with Tether's Developments

To stay informed about Tether's initiatives and the broader stablecoin regulatory environment, consider following relevant news sources and updates from Tether.