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Tether will terminate EUR₮ redemption services today and instead support a new Europe-compliant stablecoin.
ChainCatcher News, Tether has released the latest update on the gradual discontinuation of EUR₮ trading, announcing that it will terminate EUR₮ redemption services today across all supported blockchain networks. Tether stated that, considering the evolving regulatory framework for stablecoins in the European market, this decision aligns with Tether’s broader strategic direction. Tether will focus on supporting new projects, such as launching compliant stablecoins EURQ and USDQ.
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