Tether, the issuer of the world's largest stablecoin, has announced the discontinuation of its EURT stablecoin. This decision is made as part of a strategic shift to focus on community-driven blockchain support.
The move follows increasing regulatory uncertainty in the European Union's crypto sector, particularly with the introduction of the Markets in Crypto-Assets (MiCA) regulations. Tether aims to adapt to the changing regulatory landscape by exploring regulated stablecoin solutions.
This decision underscores the impact of regulatory policies on cryptocurrency issuers and the necessity for companies to evolve their strategies in response to these changes.
