Tether, the largest stablecoin by market capitalization, has announced that it will stop supporting its Euro-pegged stablecoin, EURt, and has requested all holders to redeem their tokens by November 25, 2025. In an announcement on November 27, Tether stated that it will cease the on-chain issuance of EURt and will no longer accept new issuance requests. The current market capitalization of EURt is only $27 million, which accounts for just 0.02% of Tether's total market capitalization. This decision is in line with Tether's broader strategic direction and aims to focus resources on developing stablecoin projects that comply with the latest regulatory requirements. This decision by Tether is closely related to the increasingly stringent regulatory framework for stablecoins in Europe, particularly the upcoming Markets in Crypto-Assets Regulation (MiCA). Tether's CEO, Paolo Ardoino, had previously criticized the MiCA regulation, stating that it could pose systemic risks to the stablecoin market, but the company had to make adjustments in response to the court. Tether has announced that it will prioritize supporting new stablecoin projects that comply with the MiCA regulation and has already started a partnership with Dutch fintech company Quantoz to launch EURq and USDq stablecoins, which are said to ensure compliance and anti-money laundering measures. Meanwhile, Circle, one of Tether's main competitors, co-founder Jeremy Allaire, stated in a post on X that EURC is one of the largest Euro-pegged stablecoins in the market and has experienced rapid growth this year. EURC operates in compliance with clear European regulations and has seen increasing volume and on-chain forex usage. More exchanges and wallets are already supporting EURC. According to data, the current market capitalization of EURC is approximately $90 million, which is more than three times that of EURt.
Ver originales
El contenido es solo de referencia, no una solicitud u oferta. No se proporciona asesoramiento fiscal, legal ni de inversión. Consulte el Descargo de responsabilidad para obtener más información sobre los riesgos.
El efecto MiCA: Tether suspende el soporte para EURt, la moneda estable del euro; El fundador de Circle responde: todos deberían usar EURC.
Tether, the largest stablecoin by market capitalization, has announced that it will stop supporting its Euro-pegged stablecoin, EURt, and has requested all holders to redeem their tokens by November 25, 2025. In an announcement on November 27, Tether stated that it will cease the on-chain issuance of EURt and will no longer accept new issuance requests. The current market capitalization of EURt is only $27 million, which accounts for just 0.02% of Tether's total market capitalization. This decision is in line with Tether's broader strategic direction and aims to focus resources on developing stablecoin projects that comply with the latest regulatory requirements. This decision by Tether is closely related to the increasingly stringent regulatory framework for stablecoins in Europe, particularly the upcoming Markets in Crypto-Assets Regulation (MiCA). Tether's CEO, Paolo Ardoino, had previously criticized the MiCA regulation, stating that it could pose systemic risks to the stablecoin market, but the company had to make adjustments in response to the court. Tether has announced that it will prioritize supporting new stablecoin projects that comply with the MiCA regulation and has already started a partnership with Dutch fintech company Quantoz to launch EURq and USDq stablecoins, which are said to ensure compliance and anti-money laundering measures. Meanwhile, Circle, one of Tether's main competitors, co-founder Jeremy Allaire, stated in a post on X that EURC is one of the largest Euro-pegged stablecoins in the market and has experienced rapid growth this year. EURC operates in compliance with clear European regulations and has seen increasing volume and on-chain forex usage. More exchanges and wallets are already supporting EURC. According to data, the current market capitalization of EURC is approximately $90 million, which is more than three times that of EURt.