Tether has announced the discontinuation of its euro-pegged stablecoin, EURT, citing low demand and tightening regulations within the European Union.
In a recent statement, the company noted that the last purchase request for EURT was processed back in 2022, signaling the end of new issuances for the coin. Tether has urged holders of EURT to redeem their tokens by November 27, 2025.
“Tether has made the difficult decision to delist EURT. However, until Europe establishes a more liberal regulatory framework that fosters innovation, protects users, and ensures stability while minimizing potential systemic risks to the banking sector, we will focus on other priority initiatives,” stated CEO Paolo Ardoino.
In the EU, Tether plans to support other projects, including the launch of MiCA-compliant stablecoins EURQ and USDQ through Quantoz Payments. The Dutch firm utilizes Tether’s Hadron platform for asset tokenization.
Promoting this suite of blockchain solutions will be a key focus for the USDT issuer in the region. It is worth noting that Ardoino previously described MiCA as a threat to stablecoins and the banking system.
Several exchanges, including Coinbase, Uphold, Binance, and OKX, have announced restrictions on access to unregulated stablecoins for clients in the EU.
