Tether, the issuer of the world’s largest stablecoin by market cap, will provide its tokenization tech to Malta-based stablecoin firm StablR.
The crypto company behind USDT, the largest stablecoin, decided to shutter its own euro-pegged stablecoin and back smaller issuers that comply with the EU's MiCA regulations.
Coinbase said it will assess reenabling services for stablecoins that achieve MiCA compliance at a later date.
EU member states that have yet to adapt local law to implement MiCA by year's end include Belgium, Italy, Poland, Portugal, Luxembourg and Romania, according to a document shared with CoinDesk.
Stablecoin issuer Tether announced plans to end support for its Euro-pegged stablecoin, EURt, in a Nov. 27 statement. The company stated it had ceased minting new EURt tokens, with the last issuance request processed in 2022. It also continued that the asset’s current holders can redeem the tokens until Nov. 27, 2025. The decision marks the […]
The post Tether to shutter EURt to focus on Hadron amid regulatory challenges in Europe appeared first on CryptoSlate.
Tether has asked EUR₮ holders to redeem tokens within one year, ending on Nov. 25, 2025, as the company decided to discontinue the stablecoin.
Tether said it will phase out its euro stablecoin, EURT. Users will be able to redeem tokens for up until one year from now.Instead, the company will focus on backing new stablecoin ventures such as its recent investment in Quantoz and its tokenization platform Hadron.
Expected to launch in the coming weeks, Schuman’s new euro-backed stablecoin labels 107 countries as “high-risk.”
The issuance comes at a time when the European stablecoin market is poised for a shake-up as regulations for issuers will enter into full force by the end of this year.
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.
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Ireland appears to be taking swift action to implement new crypto regulations in anticipation of the European Union’s upcoming Anti-Money Laundering (AML) and counter-terrorism financing (CTF) standards. Finance Minister Jack Chambers announced to the cabinet that urgent legislation will be drafted to update the country’s crypto regulations before the EU’s new laws take effect on […]
Ireland’s finance minister wants to act quickly before the EU enacts strict Anti-Money Laundering legislation.
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.
Assetera and Archax are collaborating to provide UK and global investors with regulated access to tokenized funds, including real-world and digital assets.
Crypto exchange Kraken has announced the delisting of Monero in the European Economic Area to maintain compliance with EU regulations.
Tether, which is the largest issuer of stablecoins, has not managed to snag the necessary e-money license in the European Union.
Kosovo’s Financial Intelligence Unit partners with the Council of Europe to improve crypto crime tracing skills and strengthen regulations on digital currencies.
The partnership comes shortly ahead of the implementation of the MiCA regulatory framework for crypto service providers.
The partnership comes shortly ahead of the implementation of the MiCA regulatory framework for crypto service providers.
The acquisition of the Dutch broker firm is a key part of the exchange’s European expansion strategy ahead of the MiCA regulation.
The registration paves the way for the Switzerland and Singapore-based banking group to expand into the European Union and European Economic Area.
EllipX will comply with the EU’s MiCA regulations, with plans to add fiat services and offer fee cuts for former Mt. Gox users.
It has always been Bybit's primary objective to operate our business in compliance with all relevant rules and regulations, the company said in its post.
The European Securities and Markets Authority released an opinion report to aid firms that may do business with overseas firms in order to prevent them breaching the rules on Wednesday.
The market capitalization of European stablecoins declined in June due to the implementation of the Markets in Crypto-Assets (MiCA) regulation, according to CCData’s latest stablecoin report. The market cap of Euro-based stablecoins fell by 2.51%, hitting a seven-month low of $307 million, the lowest since November 2023. During this period, Tether’s EURT stablecoin’s market cap […]
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Stuart Alderoty, the Chief Legal Officer (CLO) of prominent blockchain company Ripple, has criticized the US over its inaction in the establishment of clear crypto regulations. This development underlines the continuous calls for the economic superpower to form a stable regulatory framework for digital assets amidst consistent enforcement actions by the US Securities and Exchange […]