Tether announces that the euro stablecoin EUR₮ is entering the final stage of liquidation and will stop redemptions starting November 27.
ChainCatcher reported that stablecoin issuer Tether released its final announcement on November 26, declaring the termination of the winding-down process for the euro stablecoin EUR₮. As the last step of this process, Tether will cease EUR₮ redemption services on all supported blockchains starting from November 27, 2025. Previously, Tether had already stopped minting EUR₮ and was no longer accepting new issuance requests.
Tether CEO Paolo Ardoino explained that winding down EUR₮ is aimed at optimizing operational and technical infrastructure, allowing more focus on highly practical networks and forward-looking initiatives. In Europe, the focus will be on the Hadron by Tether platform, which is designed to make asset tokenization easier and provide issuance, investment, and core capital market technology for institutions, fund managers, and governments.
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.
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