Tether Stops EURT Support Amid Evolving European Regulatory Landscape

Holders of Tether's euro-pegged stablecoin EURT must redeem their tokens by November 27, 2025

Stablecoin issuer Tether announced today that it will no longer support its euro-pegged stablecoin EURT amid the evolving European regulatory landscape.

Holders of EURT will have until November 27, 2025, to redeem their tokens, according to the announcement. The decision affects all EUR₮ tokens across all blockchains.

“The decision to discontinue EURT has not been taken lightly,” Paolo Ardoino, CEO of Tether, wrote in a post on X. “Until a more risk-averse regulatory framework in Europe is in place — one that fosters innovation, offers the stability and protection our users deserve and avoids potential banking systemic risks — we have chosen to prioritize other initiatives.”

The EURT token had a market capitalization of around $38 million at the time of writing, according to CoinMarketCap. This represents a small fraction of Tether's total stablecoin circulation, which stood at over 133 billion, according to DefiLlama. The token also saw limited adoption compared to Tether's flagship stablecoin, USDT.

Following the announcement, the EURT price dropped by over 98%, according to data from CoinGecko.

After discontinuing EURT, Tether will now focus on other ventures, including Quantoz Payments' MiCAR-compliant stablecoins, EURQ and USDQ, which are powered by Tether's Hadron technology platform.

“Hadron will remain our priority in the region,” Ardoino wrote in the X post. “Hadron concentrates all the technology and know-how that Tether built over the last decade in a single platform, aiming to make asset tokenization more accessible than ever, opening new avenues for issuance, investment and core capital markets technology for a wider audience, from institutions to fund managers, from governments to private companies.”

Hadron by Tether is designed to help issuers create and manage stablecoins with blockchain interaction, compliance and Anti-Money Laundering (AML) tools. The platform can tokenize a wide range of assets, including stocks, bonds, stablecoins and loyalty points.

The company added that this decision aligns with its strategic direction in light of the evolving regulatory frameworks for stablecoins in the European market. Tether said it will await “a more risk-averse framework” that supports innovation while ensuring stability and user protection.

Several members of the crypto community voiced their concerns regarding EU regulations.

“MiCAR requirements are insane, we cannot use USDT/EURT which are overcollateralized but we are forced to use something with a 10% backing in an EU bank (with all insolvency and fractional reserve risks),” Fabio Anemone wrote in a post on X. “It's just a move to protect the banks and let users take all the risks.”

Tether said its priority remains the safety, usability and sustainability of all its tokens, whether they are backed by fiat currencies or other value stores.