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The XT.com exchange announced today that its wallet had been hacked and an ‘abnormal asset transfer' had transferred out nearly $1M worth of USDT. XT confirmed that its users' funds remained safe and unaffected, and only assets belonging to the exchange were affected.
The stablecoin issuer will discontinue its Euro-pegged token after failing to meet regulatory requirements.
Tether, the leading issuer of the world's largest stablecoin by market cap, USDt, has announced its decision to phase out its euro-pegged stablecoin, EURt, and will halt its minting process across all blockchain platforms.
Tether discontinues Euro-pegged stablecoin citing European regulatory concerns and shifts to providing infrastructure for MiCAR-compliant stablecoins through Hadron platform
Tether is the largest company in the digital asset industry. MiCAR has put plenty of new European regulations in place.
The news is official, and there is a year to redeem them.
Tether, the issuer behind the world's largest stablecoin, USDT, has announced its decision to discontinue support for its euro-backed stablecoin, EURT. The move reflects both shifting market dynamics and evolving regulatory conditions in the European Union. Tether emphasized that community interest remains central to its decision-making process.
Tether's CEO, Paolo Ardoino, recently projected that the company's liquidity pool, dedicated to financing raw materials transactions, could grow to between $3 billion and $5 billion by 2026.
Tether, the issuer of the USDT stablecoin, has announced it will discontinue its euro-backed stablecoin, EURT, due to regulatory challenges in Europe.
Tether announced that it would discontinue support for the Euro-pegged stablecoin EURT and will not be minting any more tokens. The blockchain-enabled platform disclosed that the decision was reached due to changes in the stablecoin regulatory framework in the European market.
Tether has officially ended support for EURT, halting issuance and urging users to redeem holdings by November 2025, transitioning to regulatory-compliant stablecoins like EURQ and USDQ. The post Tether Ends EURT Support to Focus on MiCAR-Compliant Stablecoins appeared first on Cryptonews.
Northern Data AG, a software company in Frankfurt, Germany, is nearing an agreement to sell its crypto mining operations as per the latest Bloomberg report. This move comes as the company looks to capitalize on November's Bitcoin rally.
USDT issuer Tether has halted support for EURT, its euro-tied stablecoin. Meanwhile, regulatory changes as the European Union embraced the inclusive MiCA regulatory framework triggered Tether's decision. Tether highlighted that it ceased minting EURT, and holders should redeem the assets by 27 November 2025.
Tether, the issuer of the largest stablecoin in the world, USD₮, has announced an important decision: to discontinue support for EUR₮, the stablecoin pegged to the euro. This marks a crucial moment in the cryptocurrency sector and raises questions about the future of stablecoins linked to fiat currencies other than the dollar.
Tether, the biggest stablecoin provider, has declared that it will no longer provide support for its euro-backed stablecoin, EURT. The company, however, noted that it had stopped minting EURT in 2022 and that holders of the token should redeem it by November 27, 2025.
CEO Paolo Ardoino said Tether Investments is already working with some of the sector's largest commodities traders.
TL;DR Tether will discontinue its euro-pegged stablecoin, EURT, by the end of 2025, in response to regulations in Europe, specifically the MiCA framework. Holders must redeem their EURT before November 27, 2025. Tether is focusing on new projects such as EURQ and USDQ, designed to comply with MiCA, and is promoting its Hadron platform.
Stablecoin issuer Tether announced plans to end support for its Euro-pegged stablecoin, EURt, in a Nov. 27 statement. The company stated it had ceased minting new EURt tokens, with the last issuance request processed in 2022.
Tether is discontinuing its support for the Euro-pegged stablecoin EURT, and will no longer accept new issuance requests.
Stablecoin issuer Tether has announced that it will no longer issue its euro-backed EURT token amid regulatory challenges in Europe.
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 has asked EURt holders to redeem tokens within one year, ending on Nov. 25, 2025, as the company decided to discontinue the stablecoin.
Tether, the prominent stablecoin issuer, is discontinuing EURT because of the EU's MiCA regulations. Nonetheless, the firm invested in other MiCA-compliant stablecoins and maintains revenue streams from the European market.
Tether requested customers holding the Euro stablecoin on all supported blockchains to redeem by Nov. 27, 2025.
