Tether: Decision to End Support for EURT and Cease Minting

BlockBeats News, November 27th, according to official sources, Tether has announced its decision to stop supporting the Euro-backed stablecoin EURT. The minting of EURT has been halted, and no new EURT issuance requests will be accepted.

Tether has stated that considering the continuously evolving regulatory framework around stablecoins in the European market, this decision aligns with Tether's broader strategic direction. Tether will focus on supporting new projects, such as the launch of stablecoins EURQ and USDQ compliant with the MiCAR standard.