Tether will terminate EUR₮ redemption services today and instead support a new Europe-compliant stablecoin.
ChainCatcher News, Tether has released the latest update on the gradual discontinuation of EUR₮ trading, announcing that it will terminate EUR₮ redemption services today across all supported blockchain networks. Tether stated that, considering the evolving regulatory framework for stablecoins in the European market, this decision aligns with Tether’s broader strategic direction. Tether will focus on supporting new projects, such as launching compliant stablecoins EURQ and USDQ.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Polymarket prediction on "Will Monad's FDV exceed $4 billion one day after launch" sparks controversy
Prime Intellect launches INTELLECT-3 model
Jia Yueting: Faraday Future intends to pursue comprehensive cooperation with Tesla on FSD
