Finance
Print
Tether Updates Users on a Strategic Transition to Better Support Community-Driven Product Support

At Tether, we remain dedicated to fostering a robust and innovative blockchain ecosystem for all Tether tokens we issue. To fulfill this commitment, we are continuously assessing our stablecoin offerings, ensuring a balance between maintainability and usage while prioritizing community interest. 

Community interest is central in our decision-making process for deploying Tether tokens. When evaluating whether to release a product, we carefully assess the economic and market conditions that could affect the token’s performance. Whether backed by fiat currency or another store of value, our priority is ensuring user safety, usability, and sustainability. Our objective is to allocate resources where they can best enhance security and efficiency while fostering ongoing innovation across the crypto landscape.

After careful consideration, we have made the decision to discontinue support for EUR₮. As such, Tether has ceased minting EUR₮, with the last acquisition request processed in 2022, and new EUR₮ issuance requests are no longer accepted.

This decision aligns with our broader strategic direction, considering the evolving regulatory frameworks surrounding stablecoins in the European market. Until a more risk-averse framework is in place—one that fosters innovation and offers the stability and protection our users deserve—we have chosen to prioritize other initiatives. 

At this time we will be focusing our support on new ventures such as the launch of Quantoz Payments’ revolutionary MiCAR-compliant stablecoins, EURQ, and USDQ which will be powered by Tether’s advanced technology solution, Hadron by Tether.

Hadron by Tether, is designed to support issuers in creating and managing stablecoins with ease by streamlining the issuance process and offering robust blockchain interaction, compliance, and AML tools for ongoing management. Hadron by Tether simplifies and accelerates the tokenization process for a diverse array of assets, from stocks and bonds to stablecoins, loyalty points, and beyond. Learn more at hadron.tether.to

Through investments in projects like these, Tether isn’t just creating tools—we’re redefining what’s possible in finance, offering more adaptable, and user-centric solutions that drive the evolution of a stable, inclusive financial ecosystem. Our vision is bold: to empower communities worldwide, equipping them with the tools they need to not only navigate but thrive in today’s rapidly evolving digital economy. With every innovation, Tether is helping to unlock new pathways for economic empowerment and financial access for all.

Tether customers holding EUR₮ on all blockchains should redeem their holdings within one year ending on November 27th, 2025.  If you have any questions, please contact our Customer Support team here.

We deeply appreciate your continued support and trust in Tether. Together, we are paving the way for a more sustainable and democratized financial system for all.

latest news

Tether To Make Investment in Quantoz Launch of MiCAR-compliant Stablecoins; Leverages Hadron by Tether Tech As Part Of Tokenization Expansion

November 18, 2024 — Tether, the largest company in the digital asset industry, is announcing its upcoming investment in Quantoz Payments to support the launch of EURQ and USDQ euro and US dollar-referenced E-Money Tokens (EMTs) respectively, designed to be MiCAR-compliant. These stablecoins represent a significant milestone in advancing grassroots-regulated digital asset solutions in Europe. […]

Learn more
Hadron by Tether Platform Brings Simplified Asset Tokenization to the Mass Market

Tether’s New User-Friendly Platform Will Allow the Tokenization of Anything 14 November 2024  – Tether, the largest company in the digital asset industry, today announced the launch of Hadron by Tether, a platform designed to simplify the tokenization of everything from stocks to bonds, stablecoins, loyalty points, and more. Hadron by Tether encompasses all the […]

Learn more
Plan ₿ Forum 2024 Wraps with Milestones and Record Attendance in Lugano, New Global Events Set for 2025

13 November, 2024 — Plan ₿, an initiative founded in collaboration with Tether and the City of Lugano to promote the use of Bitcoin and blockchain technology, proudly concluded the third annual Plan ₿ Forum on October 25-26, 2024, marking a significant milestone in their collaborative journey toward financial democratization. The Lugano-based event saw record […]

Learn more
Read all news