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Tether Waves Goodbye to EUR₮: Euro Stablecoin Support Ends

Key Takeaways

  • Tether will end support for its euro-pegged stablecoin, EUR₮, urging users to redeem holdings by November 25, 2025;
  • Regulatory challenges, including MiCA, influenced Tether’s decision to discontinue EUR₮ and focus on other priorities;
  • EUR₮ adoption remained low, with a $27M market cap, far behind Tether’s USD₮, which dominates the stablecoin market.
Tether Waves Goodbye to EUR₮: Euro Stablecoin Support Ends

On November 27, Tether has announced it will no longer support EUR₮ EURT $1.05 , its euro-backed stablecoin.

The company has urged users to redeem their EUR₮ holdings within a year, with the final date for redemptions set for November 25, 2025.

Tether confirmed that it has ceased minting EUR₮ across all blockchains. The firm clarified that the last request to acquire EUR₮ was fulfilled in 2022, and no new issuance requests will be processed.

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Introduced in 2016, EUR₮ was designed as a stablecoin pegged one-to-one to the euro. Despite this, its adoption has remained limited. As of writing, EUR₮ represents a market capitalization of $27 million, a mere 0.02% of the valuation of Tether’s flagship USD₮ USDT $0.9991 token.

Tether also emphasized the importance of community feedback in guiding the deployment and discontinuation of its tokens.

Community input is crucial in our decision-making process for deploying Tether tokens on specific blockchains.

However, the firm acknowledged that the regulatory environment for stablecoins in Europe, including the implementation of the Markets in Crypto-Assets Regulation (MiCA) by late 2024, played a crucial role in its decision.

Furthermore, Tether highlighted that the absence of a stable and innovation-friendly regulatory framework contributed to the decision to shift focus away from EUR₮.

The company stressed its commitment to ensuring user protection and fostering stability, noting that it will prioritize other initiatives until a more accommodating regulatory environment is in place.

As Tether steps back from EUR₮, the broader crypto market continues to face challenges. Recently, Binance's decision to sever ties with certain tokens sent shockwaves through the market, wiping out 40% of their value. What led to this decision? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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