Tether, the largest Stable Coin in terms of global Market Cap, has announced that it will stop supporting its Euro-pegged Stable Coin EURt and has requested all holders to redeem their Jetons by November 25, 2025. (Summary: Perspective - How can the 'Interest Guarantee Margin BFUSD' of Jeton An potentially change the ecosystem of Stable Coin on the exchange platform?) (Background: The hot money trend of Bit Jeton - Jeton An's monthly volume is double that of the New York Stock Exchange, and Stable Coin inflows reach a new high, Tether's Market Cap surpasses Citigroup) Tether, the largest Stable Coin in terms of global Market Cap, announced on November 27 that it will stop off-chain emission of EURt in all Blocs, will no longer accept new emission requests, and has requested holders to redeem their Jetons by November 25, 2025. The current Market Cap of the Euro Stable Coin EURt is only $27 million. Since its launch in 2016, EURt has been pegged to the Euro at a 1:1 ratio, but its Market Cap has now dropped to $27 million, accounting for only 0.02% of Tether's total Market Cap. The company emphasizes that this decision is in line with its broader strategic direction and aims to concentrate resources on developing Stable Coin projects that meet the latest regulatory requirements. The impact of the EU MiCA law is gradually fermenting. Tether's decision is closely related to the increasingly strict Stable Coin regulatory framework in Europe, especially the upcoming European Encryption Asset Market Regulations (MiCA), which will take effect at the end of this year. Paolo Ardoino, CEO of Tether, had previously publicly criticized the MiCA regulations, believing that they could bring systemic risks to the Stable Coin market, but the company had to make adjustments in the face of the judge. Tether has announced that it will prioritize supporting new Stable Coin projects that comply with the MiCA regulations and has already begun collaborating with Dutch fintech company Quantoz to launch EURq and USDq Stable Coins, claiming to ensure compliance and anti-money laundering measures. Rise of Circle's Euro Stable Coin EURC. At the same time as Tether announced the cessation of EURt emission, Jeremy Allaire, co-founder of Circle, one of its biggest competitors, posted on X, stating that EURC is one of the largest Euro Stable Coins on the market and has experienced rapid growth this year, indicating a significant blow to the competition. EURC operates in accordance with clear European regulations, with increasing volume and off-chain forex usage, and is supported by more and more exchange platforms and wallets. According to data, the current Market Cap of EURC is approximately $90 million, which is more than three times that of EURt. Related reports: Europe's AI infrastructure loses to China and the United States! Huang Renxun selling melons: NVIDIA GPUs are the best solution to narrow the gap. Perspective - How can the 'Interest Guarantee Margin BFUSD' of Jeton An potentially change the ecosystem of Stable Coin on the exchange platform? Payment Milestone - Stripe opens 'B2B Stable Coin Transfer' support for USDC and invoice creation. (MiCA effect) Tether stops supporting EURt Euro Stable Coin, Circle founder adds: Everyone uses EURC. This article was first published on BlockTempo, the most influential blockchain news media in the dynamic area.
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Effet MiCA》Tether cesse de soutenir EURT Stablecoin, le fondateur de Circle reprend : tout le monde utilise EURC
Tether, the largest Stable Coin in terms of global Market Cap, has announced that it will stop supporting its Euro-pegged Stable Coin EURt and has requested all holders to redeem their Jetons by November 25, 2025. (Summary: Perspective - How can the 'Interest Guarantee Margin BFUSD' of Jeton An potentially change the ecosystem of Stable Coin on the exchange platform?) (Background: The hot money trend of Bit Jeton - Jeton An's monthly volume is double that of the New York Stock Exchange, and Stable Coin inflows reach a new high, Tether's Market Cap surpasses Citigroup) Tether, the largest Stable Coin in terms of global Market Cap, announced on November 27 that it will stop off-chain emission of EURt in all Blocs, will no longer accept new emission requests, and has requested holders to redeem their Jetons by November 25, 2025. The current Market Cap of the Euro Stable Coin EURt is only $27 million. Since its launch in 2016, EURt has been pegged to the Euro at a 1:1 ratio, but its Market Cap has now dropped to $27 million, accounting for only 0.02% of Tether's total Market Cap. The company emphasizes that this decision is in line with its broader strategic direction and aims to concentrate resources on developing Stable Coin projects that meet the latest regulatory requirements. The impact of the EU MiCA law is gradually fermenting. Tether's decision is closely related to the increasingly strict Stable Coin regulatory framework in Europe, especially the upcoming European Encryption Asset Market Regulations (MiCA), which will take effect at the end of this year. Paolo Ardoino, CEO of Tether, had previously publicly criticized the MiCA regulations, believing that they could bring systemic risks to the Stable Coin market, but the company had to make adjustments in the face of the judge. Tether has announced that it will prioritize supporting new Stable Coin projects that comply with the MiCA regulations and has already begun collaborating with Dutch fintech company Quantoz to launch EURq and USDq Stable Coins, claiming to ensure compliance and anti-money laundering measures. Rise of Circle's Euro Stable Coin EURC. At the same time as Tether announced the cessation of EURt emission, Jeremy Allaire, co-founder of Circle, one of its biggest competitors, posted on X, stating that EURC is one of the largest Euro Stable Coins on the market and has experienced rapid growth this year, indicating a significant blow to the competition. EURC operates in accordance with clear European regulations, with increasing volume and off-chain forex usage, and is supported by more and more exchange platforms and wallets. According to data, the current Market Cap of EURC is approximately $90 million, which is more than three times that of EURt. Related reports: Europe's AI infrastructure loses to China and the United States! Huang Renxun selling melons: NVIDIA GPUs are the best solution to narrow the gap. Perspective - How can the 'Interest Guarantee Margin BFUSD' of Jeton An potentially change the ecosystem of Stable Coin on the exchange platform? Payment Milestone - Stripe opens 'B2B Stable Coin Transfer' support for USDC and invoice creation. (MiCA effect) Tether stops supporting EURt Euro Stable Coin, Circle founder adds: Everyone uses EURC. This article was first published on BlockTempo, the most influential blockchain news media in the dynamic area.