Tether discontinues support for euro-pegged stablecoin EUR₮
Tether has asked EUR₮ holders to redeem tokens within one year, ending on Nov. 25, 2025, as the company decided to discontinue the stablecoin.
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Tether has asked EUR₮ holders to redeem tokens within one year, ending on Nov. 25, 2025, as the company decided to discontinue the stablecoin.
Expected to launch in the coming weeks, Schuman’s new euro-backed stablecoin labels 107 countries as “high-risk.”
A Bloomberg report suggested Italian Prime Minister Giorgia Meloni could accept a proposal for a 28% tax hike on crypto rather than a 42% one.
Concerns about Europe’s upcoming MiCA regulations and Vitalik Buterin’s plans to make Ethereum more efficient were the main focus of crypto investors this week.
Europe’s MiCA framework will enforce new bank reserve requirements for stablecoin issuers, raising concerns about systemic risks and stability.
While some industry execs believe that MiCA could trigger a shift from the EU to the UK, others question the UK’s unclear crypto regulations.
Ireland’s finance minister wants to act quickly before the EU enacts strict Anti-Money Laundering legislation.
The European Securities and Markets Authority acknowledged the legal limitations raised by the European Commission but emphasized the importance of the framework’s initial objectives.
While MiCA is seen as a net positive for stablecoin regulation, it introduces consolidation concerns, especially among small crypto firms.
The European Securities and Markets Authority declined to disclose whether USDt is “noncompliant” but said it is working on solutions to issues in the framework.
