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.
You may also like
Federal Reserve’s Perli: The Fed’s bond purchases will be adjusted according to market conditions, monitoring signals of financing pressure, and maintaining ample reserves.
New York Fed official Perli stated that the current scale of reserve management bond purchases is zero, and future adjustments will be made according to "evolving market conditions," in order to implement the policy of keeping reserves within an ample range. The New York Fed will continue to monitor senior financial officials' assessments of market conditions and track signs of stress in the funding markets. Market participants expect a new round of large-scale net issuance of short-term Treasury bills in October.
After about one month of launch, the Grok Bot AI agent under SpaceX (SPCX.US) has surpassed 400,000 weekly users.
The AI agent product Grok Bot launched by SpaceXAI has surpassed 400,000 weekly users in about a month since its release, indicating a moderate early demand for the product.
Strategy CEO Phong Le Reveals the One Mistake Behind STRC's 25% Collapse
Anthropic launches the cost-effective Opus 5.5 large model ahead of IPO, intensifying the "cost reduction battle"
Anthropic PBC is launching a new artificial intelligence model designed to handle a wide range of enterprise tasks at a lower cost. The startup is preparing for a highly anticipated debut on Wall Street.
Crypto prices
More
