Blocked By Regulations In Europe, Tether Stops Stablecoin EURT

Stablecoin publisher Tether. (Photo; Doc. Cryptopolitan)

JAKARTA - Tether, the world's largest stablecoin publisher, plans to stop the euro-based stablecoin, EURT, from 27 November 2025. The decision was announced after increasingly stringent regulatory changes in the European Union following the implementation of Markets in Crypto-Assets (MiCA).

All EURT holders are given time to exchange their tokens before support is completely discontinued. Additional information, stablecoins are crypto assets whose value is pegged to fiat currencies, be it US dollars, euros, and others. Stablecoins are also traded on well-known crypto exchanges.

According to Tether CEO Paolo Ardoino, this decision was taken to avoid the risk of systemic banking in Europe. MiCA requires large reserves of stablecoins to be stored in banks, but this can actually increase the risk in the event of instability," said Ardoino via social media X, November 27 yesterday. He also mentioned that Tether will prioritize new initiatives that are more innovative and in accordance with regulations.

Prior to this announcement, EURT's market capitalization only reached 38.3 million US dollars (approximately IDR 605 billion). This Market Cap EURT is relatively small when compared to Tether's total stablecoin market capitalization which reached more than 133 billion US dollars (approximately IDR 2,101 trillion).

As a substitute for EURT, Tether will launch new stablecoins, namely EURQ and USDQ. These two stablecoins have been adjusted to MiCA regulations. EURQ and USDQ stablecoins were developed from cooperation with Dutch fintech companies, Quantoz Payments, and supported by Tether's Hadron technology. This technology facilitates the issuance and management of tokenization assets, including stablecoins, focusing on transparency, regulatory compliance, and security.

The implementation of the MiCA is considered to bring new opportunities for euro-based stablecoins, although on the other hand creating regulatory challenges for publishers. Some analysts expect the euro-based stablecoin market to increase significantly in the coming years, especially after MiCA regulations are implemented.