Tether has asked EUR₮ holders to redeem tokens within one year, ending on Nov. 25, 2025, as the company decided to discontinue the stablecoin.
Tether, the issuer of USD₮, the world’s largest stablecoin by market capitalization, is dropping support for its euro-pegged stablecoin, asking users to redeem holdings within one year.
Tether has decided to discontinue support for its EUR₮ (EURT) stablecoin on all blockchains, ceasing minting of the token, the company officially announced on Nov. 27.
The last acquisition request for EUR₮ was processed in 2022, and new EUR₮ issuance requests are no longer accepted, the firm said.
