Tether, the issuer behind the world’s largest stablecoin, USDT, has announced its decision to discontinue support for its euro-backed stablecoin, EURT. The move reflects both shifting market dynamics and evolving regulatory conditions in the European Union.
Tether emphasized that community interest remains central to its decision-making process. The company stated that it continuously evaluates its product offerings to ensure they meet the needs of users while maintaining operational efficiency and sustainability. While Tether has not minted EURT since 2022, it has now formalized its decision to discontinue the product entirely.
The company highlighted several factors influencing the decision, including the challenging regulatory landscape for stablecoins in Europe. Tether said that the European Union’s regulatory framework lacks the stability and innovation-fostering qualities needed to support the full growth of euro-backed stablecoins. This has prompted the firm to pause its EURT issuance and instead focus on initiatives that align better with its long-term strategy.
As part of its new direction, Tether is backing projects like Quantoz Payments’ EURQ and USDQ, which are stablecoins compliant with the EU’s Markets in Crypto-Assets Regulation (MiCAR). These tokens, powered by Tether’s Hadron technology platform, are designed to meet stringent regulatory requirements while offering robust functionality for issuers and users.
Hadron by Tether, the proprietary platform behind this shift, aims to streamline the issuance and management of digital tokens. The company described Hadron as a solution that simplifies the creation of stablecoins and tokenized assets while incorporating compliance and anti-money laundering (AML) tools. By leveraging Hadron, issuers can tokenize a variety of assets, including fiat-backed stablecoins, stocks, bonds, and even loyalty points.
Tether is advising all EURT holders to redeem their holdings within one year, with a final deadline of 27 November 2025. The company assured customers that its support team is available to assist with any questions related to the redemption process.
Earlier this month, Tether highlighted its commitment to transparency and public safety by assisting the Ontario Provincial Police (OPP) in the recovery of stolen cryptocurrency. On November 8, Tether announced that it had worked closely with the OPP Cyber Investigations Team (CIT) to freeze and recover approximately $10,000 CAD in stolen digital assets, which were subsequently returned to their rightful owner.
Detective Staff Sergeant Addison Hunter of the OPP acknowledged Tether’s helpful role in the investigation, stating that the company’s cooperation was instrumental in ensuring the successful recovery of the stolen funds. Tether CEO Paolo Ardoino reaffirmed the company’s dedication to working with law enforcement agencies globally, emphasizing that these collaborations are essential to holding bad actors accountable and supporting victims of cybercrime.
Featured Image via Pixabay
