Tether Decides to Liquidate Euro-Backed Stablecoin

Tether has decided to terminate support for its euro-pegged cryptocurrency, EURT. Following the cessation of EURT issuance in 2022, it has been announced that new requests will no longer be accepted. This decision was reportedly made in light of the evolving regulatory frameworks for stable cryptocurrencies in the European market. In this context, Tether emphasized that it will prioritize other initiatives until a more risk-averse framework that offers protection to its users is established.

During this period, Tether will focus on supporting new initiatives such as Quantoz Payments’ MiCAR-compliant stable assets, EURQ and USDQ. These stable crypto assets, backed by Tether’s advanced technology solution Hadron, aim to facilitate token issuance and provide comprehensive blockchain interaction, compliance, and AML tools for management. Hadron is designed to accelerate the tokenization process over asset diversity, offering new opportunities in the financial world.

Tether reiterated its commitment to creating an innovative and robust blockchain ecosystem for all Tether tokens and stated that it continuously evaluates its stable cryptocurrency offerings in line with this goal.

In the continuation of the company’s announcement, it was emphasized that whether backed by fiat currency or another store of value, the priority is to ensure user security, usability, and sustainability. The main objective is to promote innovation in the crypto world by allocating resources to areas that can enhance security and efficiency.

Tether aims to open pathways for financial access and economic empowerment through the projects it invests in. Equipping customers with tools that will strengthen communities and enable a more active role in the digital economy is highlighted as a key goal. In this context, the official announcement stated that investors holding EURT tokens must return their assets by November 27, 2025.