PANews reported on November 27 that Tether announced that it will stop supporting its Euro stablecoin EUR₮ and will stop processing new minting requests in 2022. This decision is based on the increasingly complex regulatory environment in the European stablecoin market. At the same time, Tether will give priority to supporting new projects, such as the new stablecoins EURQ and USDQ launched in cooperation with Quantoz Payments in compliance with MiCAR regulations. Tether will also provide efficient and compliant support for the issuance of assets, including stablecoins, through its technology platform Hadron. Existing EUR₮ users must complete the redemption operation before November 27, 2025.