Tether halts issuance of EURT tokens, citing Europe’s restrictive regulatory environment, and shifts focus to tokenized assets through its Hadron platform.
Tether Discontinues Euro Tether (EURT)
Tether has announced it will no longer mint its euro-backed stablecoin, EURT, due to increasing regulatory pressures in Europe. Current EURT holders have until November 2025 to redeem their tokens. With a 24-hour trading volume of just over $2 million, EURT trails far behind Tether’s flagship USDT, which dominates the market with $83.7 billion in daily trading volume.Strategic Shift to Tokenized Assets
Tether plans to prioritize its Hadron platform, which focuses on tokenizing real-world assets. CEO Paolo Ardoino emphasized that the decision aligns with Tether’s strategy to adapt to evolving regulatory landscapes. Ardoino stated that the company remains committed to fostering innovation while ensuring user security.Implications for Stablecoin Industry
The move comes as Europe implements its Markets in Crypto Assets (MiCA) framework, which heavily regulates the stablecoin sector. Despite these challenges, Tether continues to support initiatives like Quantoz’s MiCA-compliant stablecoins, signaling a willingness to evolve while navigating complex regulatory environments.
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