{"id":101663,"date":"2024-11-27T14:56:20","date_gmt":"2024-11-27T18:56:20","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=101663"},"modified":"2024-11-27T14:57:37","modified_gmt":"2024-11-27T18:57:37","slug":"tether-halts-eurt-stablecoin","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/tether-halts-eurt-stablecoin\/","title":{"rendered":"Tether Halts EURT Stablecoin, Here\u2019s Why"},"content":{"rendered":"\n

Tether<\/a> discontinues EURT and urges redemption by November 27, 2025, instead focusing on MiCA-compliant EURQ and USDQ stablecoins with\u00a0Hadron platform.<\/p>\n\n\n\n

\"Tether<\/figure>\n\n\n\n

Tether, the leading stablecoin provider, has announced it will discontinue support for its euro-backed stablecoin EURT, with redemption available until November 27, 2025. <\/p>\n\n\n\n

The company revealed that it stopped minting EURT in 2022, emphasizing that this decision aligns with its efforts to adapt to evolving regulatory requirements.<\/p>\n\n\n\n

Tether Ends Support for EURT Stablecoin<\/h2>\n\n\n\n

In a recent blog post\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, Tether confirmed it will no longer support the EURT stablecoin, urging holders to redeem their tokens on supported blockchains before the 2025 deadline. T<\/p>\n\n\n\n

ether clarified that new issuance of EURT has not been available since 2022. This strategic move reflects the company\u2019s aim to focus on projects aligned with regulatory shifts.<\/p>\n\n\n\n

The decision comes amid regulatory changes in Europe, particularly the implementation of the Markets in Crypto-Assets (MiCA) framework. <\/p>\n\n\n\n

Several exchanges, including Bitstamp, OKX, Uphold, and Coinbase, have taken steps to delist EURT and other stablecoins that fail to meet MiCA compliance requirements. <\/p>\n\n\n\n

Notably, Bitstamp delisted EURT in June 2024, while Coinbase plans to delist non-MiCA-compliant stablecoins in Europe by December 2024.<\/p>\n\n\n\n

Focus on MiCA-Compliant Stablecoins: EURQ and USDQ<\/h2>\n\n\n\n

Tether is redirecting its efforts toward stablecoins that comply with MiCA regulations. The company is preparing to launch EURQ and USDQ, tokens designed to facilitate secure and efficient transactions within the European market. <\/p>\n\n\n\n

These stablecoins are being introduced in collaboration with Quantoz Payments<\/a>, a Netherlands-based fintech firm.<\/p>\n\n\n\n

The new EURQ and USDQ tokens will be issued and managed on the Hadron platform, which integrates pre-built compliance features to streamline the creation of stablecoins and other tokenized assets. <\/p>\n\n\n\n

This ensures issuers like Quantoz can adhere to regulatory standards while maintaining operational efficiency and security.<\/p>\n\n\n\n

By transitioning to compliant solutions like EURQ and USDQ, Tether aims to address the growing demand for regulated digital assets, strengthening its position as a leader in the stablecoin industry. <\/p>\n\n\n\n

These changes highlight the company\u2019s commitment to meeting the needs of the evolving digital economy while adhering to stringent regulatory frameworks.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tether discontinues EURT and urges redemption by November 27, 2025, instead focusing on MiCA-compliant EURQ and USDQ stablecoins with\u00a0Hadron platform. Tether, the leading stablecoin provider, has announced it will discontinue support for its euro-backed stablecoin EURT, with redemption available until November 27, 2025. The company revealed that it stopped minting EURT in 2022, emphasizing that […]<\/p>\n","protected":false},"author":56,"featured_media":101680,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1531,1103],"class_list":["post-101663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-stablecoin","tag-tether"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/Tether-Halts-EURT-Stablecoin-Heres-Why.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/101663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=101663"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/101663\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/101680"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=101663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=101663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=101663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}