KEY TAKEAWAYS
- Tether discontinues support for its EUR₮ token to align with European regulatory frameworks.
- The company plans to launch MiCAR-compliant stablecoins, EURQ and USDQ, powered by its Hadron technology.
- Hadron by Tether aims to streamline tokenization and enhance blockchain interaction and compliance.
- Tether advises EUR₮ holders to redeem their tokens by November 27, 2025, ensuring a smooth transition.
Tether, a leading issuer of stablecoins, has announced a strategic decision to discontinue support for its EUR₮ token. This move is part of a broader strategy to align with evolving regulatory frameworks in the European market. The decision was detailed in a recent update from the company, which can be accessed here.
The company emphasized its commitment to fostering a robust blockchain ecosystem. Tether stated that community interest plays a central role in its decision-making process for deploying tokens. The company evaluates economic and market conditions to ensure the safety, usability, and sustainability of its offerings. This approach is reflected in the decision to cease minting EUR₮, with the last acquisition request processed in 2022.
Focus on New Ventures
As Tether shifts its focus, it plans to support new initiatives, including the launch of MiCAR-compliant stablecoins, EURQ and USDQ, by Quantoz Payments. These new stablecoins will be powered by Tether’s advanced technology solution, Hadron by Tether. Hadron is designed to streamline the issuance process and provide robust blockchain interaction, compliance, and AML tools for ongoing management.
Hadron by Tether aims to simplify and accelerate the tokenization process for a variety of assets, including stocks, bonds, stablecoins, and loyalty points. This technology reflects Tether’s vision of creating adaptable and user-centric solutions that contribute to a stable and inclusive financial ecosystem.
Redemption Process for EUR₮ Holders
Tether has advised customers holding EUR₮ on all blockchains to redeem their holdings within a year, ending on November 27, 2025. This timeline provides users ample opportunity to transition their assets. For any inquiries, Tether’s Customer Support team is available to assist users during this process.
Through these strategic changes, Tether aims to enhance security and efficiency while fostering innovation across the crypto landscape. The company remains dedicated to empowering communities worldwide by equipping them with the tools needed to thrive in the digital economy.
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