Tether, known for issuing the world's largest stablecoin USD₮, has announced its decision to discontinue EUR₮, the stablecoin pegged to the euro. The announcement was made on November 27, 2024, highlighting a significant development in the cryptocurrency sector.
This decision by Tether sparks a broader discussion on the viability and future of stablecoins that are pegged to fiat currencies other than the US dollar. The move marks a pivotal moment for these alternative fiat-linked stablecoins.
