Bitstamp Delists Tether’s Euro-Linked Stablecoin

27.06.2024 6:30 1min. read Alexander Stefanov

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Bitstamp Delists Tether’s Euro-Linked Stablecoin

Cryptocurrency exchange Bitstamp is preparing for the full implementation of the European regulation on cryptocurrency markets (MiCA) by removing Tether's stablecoin, Euro Tether (EURt), which is pegged to the euro, from its platform.

Bitstamp, which was among the first exchanges to list Euro Tether in November 2021, announced on June 26 that EURT would be delisted by the end of June.

The move is in line with the company’s compliance efforts as MiCA is due to come into effect on June 30.

James Sullivan, Bitstamp’s UK managing director, expressed the exchange’s support for MiCA’s goal of unifying crypto regulations across the European Union.

Furthermore, it is believed that Bitstamp’s restriction on euro-denominated stablecoins will not affect those pegged to other currencies.

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