Tether, the biggest stablecoin provider, has declared that it will no longer provide support for its euro-backed stablecoin, EURT. The company, however, noted that it had stopped minting EURT in 2022 and that holders of the token should redeem it by November 27, 2025. This move is consistent with the company’s decision to review its products based on the regulatory requirement.
Tether To End Support For EURT Stablecoin
In a recent blog post, Tether announced that the EURT Stablecoin will no longer be supported, with a redemption option available until November 27, 2025. The company stressed that there will be no new issuance requests for EURT since the minting of the same ceased in 2022.
The move is part of Tether’s strategic shift to focus on projects that are more relevant to changing regulatory environments.
Several crypto exchanges are delisting EURT and Tether’s USDT stablecoin to comply with the EU’s MiCA regulations. Bitstamp, one of the first to list EURT, removed it by
We współpracy z: https://coingape.com/tether-discontinues-eurt-stablecoin-heres-why/
