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Tether ends support for EURT stablecoin amid MiCA compliance
Published
4 months agoon
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admin

Tether is discontinuing its support for the Euro-pegged stablecoin EURT, and will no longer accept new issuance requests.
The Tether (USDT) issuer notified its community and the broader industry that the company has ended EURT support via a blog post on Nov. 27.
According to the announcement, the decision to halt the minting of the Euro-pegged stablecoin comes amid the industry’s adjustment to the regulatory environment around stablecoins. In particular, Tether has taken this step in response to the European Union’s stablecoin regulation as outlined in the Markets in Crypto-Assets regulation.
MiCA rolled out for stablecoins in June, with full implementation of the comprehensive regulatory regime set for December 30, 2024.
“After careful consideration, we have made the decision to discontinue support for EUR₮. As such, Tether has ceased minting EUR₮, with the last acquisition request processed in 2022, and new EUR₮ issuance requests are no longer accepted,” Tether wrote.
The USDT issuer is choosing to end EURT support “until a more risk-averse framework is in place.” Customers with EURT balances on blockchains have until November 27, 2025, to redeem their holdings.
Tether previously disclosed plans to halt EURT across several chains, including EOS, Omni, Kusama and Algorand. However, this has changed with stringent rules around asset-referenced tokens. Some exchanges announced the delisting of the fiat-backed token this year. They include OKX, Bitstamp and Coinbase.
As the crypto platform takes this step, it notes that its focus will now be on other initiatives. These include Tether’s support for recently launched MiCA-compliant stablecoins USDQ and EURQ.
Tether recently invested in USDQ and EURQ issuer Quantoz Payments, which crypto.news highlighted last week. Tether’s blockchain technology solution Hadron by Tether will power this integration.
The EURT stablecoin was launched in 2016.
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Ethena’s USDe Stablecoin Sales Blocked by German Regulator Over ‘Serious Deficiencies’
Is Ethena Price At Risk? Market Maker Offloads $10M ENA Raising Concerns


The German Federal Financial Supervisory Authority, BaFin, has ordered Ethena GmbH to stop all public sales of its stablecoin USDe.
This comes after the German financial markets regulator found serious flaws in Ethena GmbH’s USDe approval process.
Per the BaFin announcement on March 21, 2025, the public sales of Ethena (ENA)’s synthetic dollar Ethena USDe violates the European Union’s Markets in Crypto Asset Registration rules.
With stablecoin regulation being one of the EU’s major enforcement priorities, a lack of MiCAR compliance has become a key obstacle for stablecoin issuers.
“The BaFin also has reasonable grounds to suspect that Ethena GmbH in Germany sells securities in the form of sUSDe tokens from Ethena OpCo. Ltd. without the required prospectus,” the regulator said.
BaFin has therefore ordered Ethena to immediately cease any sales to the public.
Enforcement measures
The enforcement measures include a freeze on USDe reserves held by Ethena’s custodian. Additionally, Ethena GmbH is required to shut down its website portal and stop registering new customers.
While Ethena GmbH has been prohibited from selling USDe, the order only applies to primary sales. In this case, BaFin’s order does not affect secondary sales. Ethena Labs issued a statement on X following the news.
“We were informed today that Ethena GmbH’s application under the MiCAR regulatory framework will not be approved. While we are disappointed by this decision, we will continue to evaluate alternative frameworks.”
According to the crypto platform, BaFin’s order doesn’t affect the stablecoin’s listing.
The decision will also not affect minting and redemption through Ethena Limited, the company’s entity registered in the British Virgin Islands, which handles the majority of USDe minting.
“USDe remains fully backed [and] no assets have been “frozen”” Ethena noted.
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24/7 Cryptocurrency News
Binance To Delist Non-MiCA Compliant Stablecoin Trading Pairs In Europe
Published
3 weeks agoon
March 3, 2025By
admin
Cryptocurrency exchange giant Binance again nabbed significant investor attention with its latest announcement on Monday. The crypto trading platform revealed that it will be delisting all non-MiCA-compliant stablecoin trading pairs in the EEA (European Economic Region) shortly.
Binance To Delist Non-MiCA Compliant Stablecoin Trading Pairs In EEA
According to an official Binance announcement on March 3, the crypto exchange is implementing changes to non-MiCA-compliant stablecoin trading pairs in the EEA region. As per the announcement, trading pairs with USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG will be delisted for EEA users on March 31.
However, MiCA-compliant stablecoins pairs, such as USDC, EURI, and fiat pairs (EUR) will remain available. Simultaneously, the crypto exchange also urged EEA users to convert any remaining non-MiCA compliant stablecoin holdings (e.g., USDT) to USDC, EURI, or EUR.
Why Is Binance Delisting Stablecoin Trading Pairs?
Meanwhile, it’s also noteworthy that Binance rolled out its latest delisting announcement following recent stablecoin-related guidelines from EU authorities. As a result, the top crypto exchange is making changes to the availability of non-MiCA-compliant stablecoins in the EEA.
What’s More?
Starting March 31 at 23:59 UTC, the exchange will restrict the availability of Spot trading pairs pegged to non-MiCA Compliant Stablecoins. Further, starting March 27 at 07:00 UTC, any non-MiCA compliant Margin trading pairs will also be delisted for EEA users.
Other services like trading bots, earn, and loans will also be impacted for users. Nevertheless, the exchange clarified that users will still be able to sell any remaining non-MiCA-compliant stablecoin holdings after March 31.
Binance Continues Modifying Trade Offerings
Simultaneously, with the abovementioned endeavor weighing in, the leading cryptocurrency exchange further cements its top ranking in the market. Notably, Binance has secured the top spot by constantly enhancing trade offerings in line with market needs.
CoinGape recently reported that the exchange extended support to the Ethernity Chain (ERN) token swap process, sparking an ERN price upswing. On the other hand, the CEX also delisted key BNB and ETH trading pairs, adding to its foray into revolutionized offerings.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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chk2025
Crypto.com President Eric Anziani on the Exchange’s Ambitious Global Plans
Published
2 months agoon
February 3, 2025By
admin

Few crypto exchanges have been as busy in the last few months as Crypto.com.
The company recently received a license from MiCA to operate in the E.U., and also in December voluntarily withdrew the lawsuit it filed against the SEC after receiving a Wells notice from the agency last summer (the withdrawal happened just a day after Crypto.com CEO Kris Marszalek met with then President-elect Donald Trump at Mar-a-Lago). Not long after that meeting, the exchange announced it would re-enter the U.S. institutional exchange business after abandoning it in mid-2023 due to “limited demand.”
Crypto.com also said in January it would allow its U.S. customers to trade stocks and ETFs in addition to crypto, and acquired several brokerage firms to further build out its offerings. And Crypto.com continued to be very active on the sports naming rights front, announcing deals with Formula 1 and the UEFA Champions League to further build on its monumental $700 million deal to rename the Los Angeles Lakers’ stadium back in 2021.
This series is brought to you by Consensus Hong Kong. Come and experience the most influential event in Web3 and Digital Assets, Feb.18-20. Register today and save 15% with the code CoinDesk15.
Here, Crypto.com president Eric Anziani, who will be a speaker at Consensus Hong Kong, discusses his company’s latest plans, and the importance of Asia to Crypto.com’s future.
This interview has been condensed and lightly edited for clarity.
What are Crypto.com’s plans for the EU now that it’s received a MiCA license?
We were extremely proud to have been the first major global crypto asset service provider to receive a MiCA license, which means we can provide our market-leading range of crypto services across the EU under a streamlined and robust framework bringing a significantly improved degree of transparency to the sector.
We have always been supportive of MiCA and believe it will build trust and establish a more uniformed sentiment towards the regulation of our industry across the EU, while also safeguarding consumers and helping advance innovation. The EU is a growing and vital hub for crypto investment, and we look forward to offering more of our products and services to our millions of EU users.
What can you say about Crypto.com’s withdrawal of its lawsuit against the SEC?
We withdrew our action against the SEC given our intent to work with the incoming administration on a regulatory framework for the industry.
What are your major near- and long-term goals for Crypto.com?
We’ve got an exciting and busy year ahead as we push forward with our vision to offer users the most comprehensive platform for a broad range of financial investment services. Key to our success is our focus on product development. We released our 2025 Roadmap late last year detailing our goals and product strategy for the year ahead, most of which revolve around broadening our product and service portfolio by integrating offerings that were once confined to traditional financial services, like stocks, banking and card programs, into Crypto.com.
We also recently announced the acquisition of several brokerages such as Watchdog Capital and Orion Principals, which will allow us to expand these services even further. And we also recently launched stock and ETF trading in the U.S. We see a significant opportunity to not just continue to serve and lead the crypto market, but to be a driving force in effectively bridging traditional and digital finance.
What is Crypto.com’s latest strategy with respect to sports naming rights deals?
Our signature sports partnerships have played a pivotal role in making Crypto.com one of the most well-known and trusted brands globally. We have many long-standing sports partnerships with brands that we are honored to work with, and in the past few months we have announced the renewal of our F1 partnership until 2030, as well as becoming the first and exclusive global cryptocurrency platform partner of the UEFA Champions League.
What role do you see Asia playing in the global crypto economy?
Asia has always been a major market for us. We’re proudly headquartered in Singapore and licensed by the Monetary Authority of Singapore — a global leader in effective crypto regulation. The number of “digitally native” people in the Asia Pacific region, particularly among younger generations, is growing all the time, meaning there is an ever-growing pool of users who are supporting this growth in digital consumption and that’s only going to continue expanding and contributing to the crypto industry’s development.
There’s also a huge talent pool of young tech-savvy entrepreneurs, which is why we chose to set up our global innovation lab in Singapore, making it our designated R&D hub. The lab team is experimenting with frontier technologies and identifying novel applications for blockchain, Web3 and AI.
What are the biggest challenges to Web3’s development in Asia?
The Asia region has a complex financial demographic that includes a significant underbanked or unbanked population, alongside a digitally-savvy population with high mobile internet connectivity and smartphone penetration. So for us it’s also about how we reach those who have been historically underserved and offer them the financial tools and opportunities they need.
A lot of this expansion will come down to regulatory environments — for example places like Singapore have implemented clear, robust and innovation-friendly regulations, enabling the establishment of secure and trusted platforms. But other regional jurisdictions are still lagging behind on clear regulatory frameworks for exchanges and digital assets.
You’re deeply involved in the blockchain and start-up world in Singapore through various organizations. What are your main priorities there for 2025?
Singapore is our global headquarters, and we are very proud to be part of Singapore’s flourishing digital asset and fintech community. We work with both regulators and industry players with the aim of building an innovative and responsible Web3 ecosystem, by balancing the needs of industry for regulatory clarity and fit-for-purpose policies, as well as market integrity and consumer protection.
Going into 2025, we continue to play a leading role in supporting local players and industry associations to constructively engage with the authorities on topics such as consumer protection, scams, staking and responsible advertising through workshops, focus groups and industry papers.
Talent development is also an important focus for us. For example, we were an industry partner for GFTN (Global Financial Technology Network, formerly Elevandi, and organizer of the Singapore Fintech Festival) for their inaugural Blockchain Guardians Program in 2024. This intensive ten-week program for pre-university students aimed to develop the next generation of fintech leaders with the dual skill sets of digital asset savviness and a robust compliance mindset.
What are you most excited to discuss on stage at Consensus Hong Kong?
We go into 2025 with a really positive mindset. The industry has turned a corner in the last year, coming through the bear market and proving its resilience once again. I am looking forward to discussing all the incredible innovations and products that are going to be introduced into the digital assets space this year, what that means for cryptocurrency adoption and how we continue mainstreaming crypto and bridging financial technologies.
Is there anything else you think is important to mention?
More jurisdictions globally are focused on designing effective regulation which will further responsible innovation and enhance consumer and institutional trust in our industry. This will be vital for boosting adoption and further encouraging traditional financial institutions to engage with blockchain and digital asset technologies — an exciting trend we’re going to see a lot more of in 2025.
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