Tether has announced that it will cease minting its euro-backed token, Euro Tether (EURT), due to regulatory challenges in Europe. The decision comes as the company seeks to navigate a restrictive regulatory environment for stablecoins in the region. Tether noted that holders of EURT have until November 25, 2025, to redeem their tokens, which have seen minimal trading volumes compared to Tether's USDT token. The company is prioritizing initiatives that align with regulatory expectations and aims to focus on expanding a platform for tokenization of digital and real-world assets rather than maintaining the EURT token. Tether's CEO, Paolo Ardoino, emphasized that the decision was not made lightly, reflecting the need for a more favorable regulatory framework that supports innovation while ensuring user stability and protection. This announcement follows tighter regulations set by the EU aimed at regulating the stablecoin industry, with other firms also adapting their services to comply with these new standards.

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