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Tether ends issuance of euro-linked stablecoin
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THE Tetherissuer of the largest stablecoin in the world, USDT, announced this Wednesday (27), the definitive suspension of EURT issuanceits stablecoin pegged to the euro.
The decision reflects a strategic move by the company in light of the regulatory requirements of the MiCA Law (Markets in Crypto-Assets), in force in European Union. According to an official statement, Tether made this decision after careful analysis.
Furthermore, EURT holders have up to November 27, 2025 to redeem your assets on any supported network.
The MiCA Law establishes strict rules for stablecoins in the European Union, directly impacting issuers and users. Although Tether did not explicitly mention legislation as a reason for the measure, the statement reinforces that the decision “aligns with our broader strategic direction, considering the evolving regulatory frameworks in the European market”.
Stablecoin and impact on the European market
The entry into force of MiCA this year had already led to Tether withdrawing support for USDT on some exchanges operating in the EU. The company justified the withdrawal as a preventive measure to avoid risks of non-compliance.
This regulation has also contributed to a significant drop in euro-pegged stablecoin operations, with analysis from Kaiko indicating a 70% reduction in the volume of transactions.
Despite the challenging scenario, the Tether has not abandoned the European market. The company revealed investments in new initiatives, such as the launch of stablecoins EURQ and USDQ, in partnership with Quantoz Payments.
These new assets aim to meet MiCA requirements, highlighting the Tether’s commitment to innovation within the regulatory environment. Tether stated that it reaffirms its focus on creating products that offer stability and protection to users, while seeking regulatory environments that encourage innovation.
Recently, the USDT broadcaster reported that around 330 million on-chain accounts and wallets received their stablecoin pegged to the dollar until the end of the third quarter of 2024. These numbers are an important indicator of user engagement.
Tether ends issuance of euro-linked stablecoin
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Tether ends issuance of euro-linked stablecoin
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Tether ends issuance of euro-linked stablecoin
