Tether Ends EURT Support, Shifts Focus to MiCAR-Compliant Stablecoins

Tether is discontinuing its EURT stablecoin and advising users to redeem their holdings by November 2025. The move comes as the company pivots toward new, MiCAR-compliant stablecoins.

Tether Phases Out EURT in Response to Regulatory Changes

Tether has made a significant announcement, revealing that it will cease support for its EURT stablecoin, halting new issuances while encouraging users to redeem their holdings within the next year. The company cited evolving regulatory frameworks in Europe as the primary reason for this move, which is part of Tether’s broader strategy to align with emerging regulations in the stablecoin space.

For users holding EURT, the company confirmed that minting has been inactive since 2022, with no new issuance requests being accepted. Tether’s focus is now on developing products that are fully compliant with the European Union’s Market in Crypto-Assets Regulation (MiCAR), which is expected to reshape the landscape for digital assets across Europe.

New MiCAR-Compliant Stablecoins: EURQ and USDQ

As part of this shift, Tether has announced the launch of two MiCAR-compliant stablecoins, EURQ and USDQ. These stablecoins will be issued in partnership with Quantoz Payments and will be backed by Tether’s proprietary Hadron technology. Hadron is designed to streamline the issuance and management of tokenized assets, including stablecoins, while ensuring full compliance with regulatory standards.

The focus on MiCAR-compliant stablecoins reflects Tether’s commitment to staying ahead of regulatory changes and positioning itself as a responsible player in the crypto space. By supporting EURQ and USDQ, Tether aims to meet the rising demand for compliant stablecoins while maintaining a focus on innovation.

A Closer Look at Hadron Technology

Hadron is Tether’s new platform for creating and managing various tokenized assets. Beyond stablecoins, it is designed to facilitate the issuance of loyalty points, digital currencies, and other blockchain-based assets. What sets Hadron apart is its integrated compliance features, which help issuers navigate complex regulatory environments more easily.

Tether’s Hadron technology aims to simplify blockchain interactions and provide tools for issuing digital assets in full compliance with both existing and future regulations. This strategic focus on compliance-driven solutions reflects Tether’s desire to adapt to the constantly evolving regulatory environment while maintaining a competitive edge.

Ethereum’s Resurgence as USDT’s Primary Blockchain

In addition to the shift away from EURT, Tether has also seen a significant shift in its operations. Ethereum has now become the leading blockchain for USDT, surpassing Tron for the first time since August 2022. Ethereum’s dominance has been solidified by a 9.3% increase in the weekly supply of USDT, reaching a total supply of $60.3 billion on Ethereum.

This marked the first time in over a year that Ethereum has outpaced Tron, which now holds $58.1 billion in USDT after a slight decline in supply. On November 23, Tether minted $2 billion worth of USDT on Ethereum, compared to $1 billion on Tron, further widening the supply gap. This shift highlights Ethereum’s renewed strength in the stablecoin market, signaling growing confidence in its network.

The Growing Role of Stablecoins in the Crypto Ecosystem

Tether’s decision to phase out EURT and focus on MiCAR-compliant stablecoins is indicative of a larger trend in the crypto industry toward regulatory compliance and standardization. Stablecoins like USDT play a vital role in the crypto ecosystem, acting as a bridge between traditional currencies and digital assets. However, as governments around the world increasingly regulate the crypto space, companies like Tether are having to adapt quickly to maintain their standing in the market.

In addition to Ethereum and Tron, Tether’s USDT is now also available on other blockchains like BNB Chain, Arbitrum, and Avalanche. The total supply of USDT across all blockchains has reached an all-time high of $132.9 billion, underlining the growing demand for stablecoins as a key element of the crypto infrastructure.