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Tether Waves Goodbye to EURT: Euro Stablecoin Support Ends

Key Takeaways

  • Tether will end support for its euro-pegged stablecoin, EURT, urging users to redeem holdings by November 25, 2025;
  • Regulatory challenges, including MiCA, influenced Tether’s decision to discontinue EURT and focus on other priorities;
  • EURT adoption remained low, with a $27M market cap, far behind Tether’s USDT, which dominates the stablecoin market.
Tether Waves Goodbye to EURT: Euro Stablecoin Support Ends

On November 27, Tether has announced it will no longer support EURT  EURT $1.04 , its euro-backed stablecoin.

The company has urged users to redeem their EURT holdings within a year, with the final date for redemptions set for November 27, 2025.

Tether confirmed that it has ceased minting EURT across all blockchains. The firm clarified that the last request to acquire EURT was fulfilled in 2022, and no new issuance requests will be processed.

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Introduced in 2016, EURT was designed as a stablecoin pegged one-to-one to the euro. Despite this, its adoption has remained limited. As of writing, EURT represents a market capitalization of $27 million, a mere 0.02% of the valuation of Tether’s flagship USDT USDT $0.9988 token.

Tether also emphasized the importance of community feedback in guiding the deployment and discontinuation of its tokens.

Community input is crucial in our decision-making process for deploying Tether tokens on specific blockchains.

However, the firm acknowledged that the regulatory environment for stablecoins in Europe, including the implementation of the Markets in Crypto-Assets Regulation (MiCA) by late 2024, played a crucial role in its decision.

Furthermore, Tether highlighted that the absence of a stable and innovation-friendly regulatory framework contributed to the decision to shift focus away from EURT.

The company stressed its commitment to ensuring user protection and fostering stability, noting that it will prioritize other initiatives until a more accommodating regulatory environment is in place.

As Tether steps back from EURT, the broader crypto market continues to face challenges. Recently, Binance's decision to sever ties with certain tokens sent shockwaves through the market, wiping out 40% of their value. What led to this decision? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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