Tether stops issuance of EURT due to European regulatory environment

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PANews reported on November 27th that Tether announced it will cease support for its Euro Stable Coin EUR₮ and will stop processing new coin minting requests in 2022. This decision is based on the increasingly complex regulatory environment in the European Stable Coin market, while Tether will prioritize support for new projects, such as the MiCAR-compliant new Stable Coins EURQ and USDQ launched in partnership with Quantoz Payments. Tether will also provide efficient Compliance support for asset issuance, including stablecoins, through its technical platform Hadron. Existing EUR₮ users need to complete the redemption operation by November 27, 2025.

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