Tether has announced it will discontinue its euro stablecoin, EURT, allowing users to redeem their tokens until November 27, 2025. This decision comes as cryptocurrency firms in the European Union prepare for the imminent implementation of the Markets in Crypto-Assets (MiCA) regulation, which requires compliance from stablecoin issuers. Tether's CEO, Paolo Ardoino, has expressed concern about these new rules, noting that the company has not secured the required Electronic Money Institution (EMI) license to operate in the EU. In contrast, competitor Circle has fulfilled these requirements. The EURT has a market capitalization of just $27 million, significantly smaller than Circle's EURC and Stasis Euro. Tether plans to redirect its focus towards supporting new initiatives, including its recent investments in Quantoz and its tokenization platform Hadron, aimed at assisting smaller, MiCA-compliant stablecoin projects.

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