Tether ends support for euro stablecoin EURt by November 2025

Tether (CRYPTO:USDT) has announced it will discontinue support for its euro-pegged stablecoin, EURt, and asked holders to redeem their tokens within one year, with a deadline of November 25, 2025.

In a statement released on November 27, Tether confirmed it would no longer mint EURt on any blockchain, citing strategic alignment with evolving European regulations on stablecoins, such as the Markets in Crypto-Assets (MiCA) Regulation.

“This decision aligns with our broader strategic direction, considering the evolving regulatory frameworks surrounding stablecoins in the European market,” the company stated.

Launched in 2016, EURt is pegged to the euro at a 1:1 ratio and was designed to provide stability in the volatile cryptocurrency market.

However, it currently holds a market capitalisation of $27 million, representing only 0.02% of Tether’s primary USD-backed stablecoin, USDt.

Tether CEO Paolo Ardoino has previously expressed concerns about MiCA regulations, describing them as potentially creating “systemic” risks for stablecoins.

Tether reiterated its commitment to prioritising other initiatives until a framework fostering innovation and user protection is implemented.

While ending EURt support, Tether plans to focus on projects aligned with MiCA compliance.

This includes supporting EURq and USDq stablecoins developed by Dutch fintech company Quantoz Payments.

These stablecoins will leverage Tether’s Hadron technology, which simplifies stablecoin creation, ensures robust blockchain interactions, and provides compliance and Anti-Money Laundering mechanisms.

Tether’s announcement highlighted its commitment to innovation and a stable financial ecosystem.

“Through investments in projects like these, Tether isn’t just creating tools — we’re redefining what’s possible in finance, offering more adaptable and user-centric solutions,” the company said.

At the time of reporting, the Tether (USDT) price was $1.00.