Robinhood Expands Crypto Offerings In Europe With Usdc Stablecoin Listing
Tether, the issuer of Tether USD USDT, the largest stablecoin by market capitalization, has announced that it will discontinue its euro-backed stablecoin, EURT. The company stopped minting EURT in 2022 and has set a deadline of November 2025 for holders to redeem their tokens. This decision is part of Tethers broader strategy to focus on projects more aligned with the evolving global crypto regulatory landscape and to review products based on regulatory requirements.
As a result of Tether's move, several crypto exchanges operating in the EU have begun delisting EURT and USDT to comply with the European Unions MiCA Markets in Crypto-Assets regulations. Bitstamp and OKX were the first to delist the tokens, followed by Uphold, which removed USDT along with six other stablecoins for European users. Coinbase has also announced plans to delist all non-MiCA-compliant stablecoins in the EU by December.
Tether has urged European holders of EURT and USDT to redeem their tokens via supported blockchains before the November 2025 deadline. The company is now shifting its focus to launching crypto products that comply with MiCA regulations. This includes the upcoming launch of EURQ and USDQ stablecoins, which will provide secure and dependable transactions in Europe. These new tokens are being developed in collaboration with Quantoz Payments, a Dutch fintech firm, and will be issued on Hadron, a platform designed with compliance features that facilitates the tokenization of stocks, bonds, and fiat currencies.
