- Tether has ceased issuing its euro-pegged stablecoin, EUR₮, to focus on community-driven blockchain support
- The company plans to support the launch of MiCAR-compliant stablecoins EURQ and USDQ through its Hadron by Tether technology
- Users holding EUR₮ are advised to redeem their holdings by November 27, 2025
Tether has announced the discontinuation of its euro-pegged token, EUR₮, as it races to be compliant with the Markets in Crypto Assets (MiCA) regulation. The company intends to collaborate with Quantoz Payments to introduce MiCA-compliant stablecoins, EURQ and USDQ, utilizing its Hadron by Tether platform. The company has warned EUR₮ holders that they need to redeem their assets within a year to avoid losing their value.
Tether’s MiCA Headache
Tether revealed its decision to stop minting EUR₮ in a press release, citing the evolving regulatory frameworks in the European market as a significant factor influencing this move:
Until a more risk-averse framework is in place—one that fosters innovation and offers the stability and protection our users deserve—we have chosen to prioritize other initiatives.
Aligning with its new strategic direction, Tether plans to support the launch of EURQ and USDQ, euro and US dollar-referenced E-Money Tokens designed to comply with the MiCA. These stablecoins will be powered by Tether’s Hadron platform, which aims to simplify the tokenization process for various assets.
Redemption Timeline for EUR₮ Holders
Tether has advised customers holding EUR₮ across all blockchains to redeem their holdings by November 27, 2025, after which time redemptions will cease. The EUR₮ market cap, which once stood at $223 million, has been sliding ever since the MiCA regulations were confirmed in 2023. It now stands at just $27 million, down from $40 million at the start of the year.
Tether emphasized that through investments in such projects, it is “redefining what’s possible in finance, offering more adaptable, and user-centric solutions that drive the evolution of a stable, inclusive financial ecosystem.” Others would argue it is simply doing all it can to remain a going concern once the regulations kick in next year, regulations which have caused it other headaches already.
