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Tether to Terminate EUR? Redemption Service Today

2 hours ago

On November 27th, Tether provided the latest update regarding the phased discontinuation of EUR₮ trading. As of today, the redemption of EUR₮ on all supported blockchains will come to an end. On November 27, 2024, Tether announced its intention to stop providing support for the Euro-backed stablecoin EUR₮, halt the creation of EUR₮, and no longer accept new requests for EUR₮ issuance. Tether stated that this decision is in line with its broader strategic direction, taking into account the evolving regulatory landscape for stablecoins in the European market. Tether will focus on supporting new projects, such as the launch of compliant stablecoins EURQ and USDQ.
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