Tether stops issuing EURT due to European regulatory environment
Tether announced that it will stop supporting its Euro stablecoin EUR₮ and will stop processing new coin requests by 2022. This decision is based on the increasingly complex regulatory environment of the European stablecoin market, and Tether will prioritize supporting new projects such as the MiCAR-compliant stablecoins EURQ and USDQ, which are being launched in partnership with Quantoz Payments. Tether will also provide efficient compliance support for asset issuance, including stablecoins, through its technology platform Hadron. Existing EUR₮ users must complete redemption operations by November 27, 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Will There Be Another Final Drop? Legendary Analyst Il Capo Explains!- A Top Analyst Shares His Expectations for Bitcoin, Solana, Cardano and XRP!
il Capo of Crypto shared his expectations for the altcoin market.
What Level Needs to be Breached to Spark a Major Rally in Solana? Analysis Company Publishes Latest Technical Analysis
What level needs to be broken for a new major rally in Solana (SOL), one of the world's largest altcoins?
Analysis Company CEO Names Five Altcoins: “They are Having a Dead Cat Bounce”
Joao Wedson, CEO of cryptocurrency analytics firm Alphractal, claimed that four altcoins are experiencing a dead cat bounce. Here are the details.
An Evening of Important Developments on Solana Spot ETFs – But Are They Really Approved?
There are some critical developments coming tonight regarding the possible approval process of the Solana Spot ETF. Has approval come?
Trending news
MoreCrypto prices
More
