Euro Tether
Stablecoin Profile
Euro Tether (EURT) is a fiat-backed stablecoin pegged to EUR, with $0 in circulating supply across 2 blockchain networks. Each EURT is backed by reserves held by the issuer, with parity attested via defillama. The peg has historically held within ±1% on most trading sessions, with reserve composition and attestation cadence the primary inputs to its credit-risk profile.
About Euro Tether (EURT)
Launched in 2014, Tether tokens pioneered the stablecoin model. Tether tokens are pegged to real-world currencies on a 1-to-1 basis. This offers traders, merchants and funds a low volatility solution when exiting positions in the market.
Tether customers who have undergone a verification process can exchange EUR for EURT and redeem EURT for EUR.
Supply History
Peg stability history
Euro Tether (EURT) is designed to trade at exactly 1.00 EUR, with its peg defended through direct redeemability against off-chain reserves. Spot price currently sits at $0.1078, a -89.217% deviation from the target — well inside the stability band typical for reserve-backed dollar tokens.
How reserve-backed stablecoins defend their peg
Fiat-backed stablecoins maintain their peg through arbitrage: any time the secondary-market price drifts above $1.00, authorised participants mint new tokens by depositing dollars and sell them into the market; any time it drifts below, they buy on the open market and redeem 1:1 for dollars. The peg therefore depends entirely on (a) the reserves actually existing, (b) the issuer honouring redemption requests promptly, and (c) the issuer remaining solvent and unfrozen.
Practical implications for holders
- Counterparty risk is concentrated in the issuer and its banking partners — a banking failure (as in the March 2023 USDC / SVB episode) can cause short-term depegs even when the underlying reserves are sound.
- Reserve attestations are not full audits. Always read the firm name, scope, and date of the latest attestation report before treating the peg as risk-free.
- Redemption rights typically apply only to verified institutional partners, not to retail holders. Retail exposure is exited via secondary markets, where liquidity matters most during stress periods.
- Regulatory action against the issuer (NYDFS orders, OFAC freezes, court-ordered blacklists) can immediately impair specific addresses or even the entire token.
- Mantapex tracks peg deviation in real time from DeFiLlama price feeds, but for high-value holdings cross-check directly on at least one independent venue (CoinGecko, the issuer's own dashboard, or an on-chain DEX).
Peg-stability commentary is based on the mechanism class (reserve-backed) and is provided for educational purposes only — it is not financial advice. Past peg stability is not a guarantee of future performance, and even the highest-quality stablecoins have historically traded outside their target band during banking, regulatory, or liquidity stress.
Contract addresses
Euro Tether (EURT) is deployed as a token contract on 1 blockchain network below. Always verify the contract address you're interacting with on the relevant block explorer before sending funds — phishing tokens reusing well-known stablecoin tickers are common, especially on newer chains.
| Chain | Contract address | Verify |
|---|---|---|
| Ethereum | 0xc581b735a1688071a1746c968e0798d642ede491 | Explorer |
Contract addresses are sourced from DeFiLlama's stablecoin profile. Some chains (Tron, Solana, Aptos, Sui) use non-EVM address formats. The "Explorer" link opens the official block explorer for the given chain; we do not link out to third-party explorers that may show altered data.
Compare Euro Tether to other fiat-backed stablecoins
Below are the largest fiat-backed stablecoins tracked on Mantapex alongside Euro Tether (EURT). Comparing supply and chain footprint within the same mechanism class is more meaningful than cross-class comparison, because the underlying peg-defence assumptions are different.
| Stablecoin | Supply | Mechanism | Chains |
|---|---|---|---|
| Tether (USDT) | $184.1B | fiat-backed | 107 |
| USD Coin (USDC) | $79.6B | fiat-backed | 125 |
| World Liberty Financial USD (USD1) | $4.5B | fiat-backed | 8 |
| PayPal USD (PYUSD) | $4.1B | fiat-backed | 7 |
| BlackRock USD (BUIDL) | $2.5B | fiat-backed | 8 |
Peg Stability
Chain Distribution
Resources & data sources
Euro Tether (EURT) is tracked across major crypto data providers. The links below open Euro Tether (EURT)'s pages on CoinGecko, CoinMarketCap and DeFiLlama, so you can cross-check supply, market cap, exchange listings and historical price data directly at the source.
Price feed sourced from defillama. Supply, peg and chain-distribution data are aggregated from DeFiLlama's stablecoins dataset, which combines on-chain balances across supported networks. Numbers on this page typically refresh every 10 minutes.
Recent Euro Tether news
Latest reporting from major crypto news outlets covering Euro Tether.
- Bitcoin
Tether Discontinues Support for EURT, Set to Prioritize USDQ and EURQ
Tether's decision to discontinue EURT and prioritize USDQ and EURQ highlights the company's forward-looking approach. Tether is Phasing out EURT Tether has decided to pull the…
- CoinMarketCap
Tether to Phase Out Euro-Backed Stablecoin EURT Amid Regulatory Challenges
Tether, the issuer of the USDT stablecoin, has announced it will discontinue its euro-backed stablecoin, EURT, due to regulatory challenges in Europe.
- Cryptopolitan
Tether ends support for Euro-pegged stablecoin EURT
Tether announced that it would discontinue support for the Euro-pegged stablecoin EURT and will not be minting any more tokens. The blockchain-enabled platform disclosed that the…
- Cryptonews
Tether Ends EURT Support to Focus on MiCAR-Compliant Stablecoins
Tether has officially ended support for EURT, halting issuance and urging users to redeem holdings by November 2025, transitioning to regulatory-compliant stablecoins like EURQ…
- Invezz
Tether (USDT) ends EURT support, citing Europe's regulatory changes
USDT issuer Tether has halted support for EURT, its euro-tied stablecoin. Meanwhile, regulatory changes as the European Union embraced the inclusive MiCA regulatory framework…
- Coingape
Tether Discontinues EURT Stablecoin, Here's Why
Tether, the biggest stablecoin provider, has declared that it will no longer provide support for its euro-backed stablecoin, EURT. The company, however, noted that it had stopped…
- Crypto Economy
Say Goodbye to EURT: Tether Winds Down Euro Stablecoin Amid Regulatory Shift
TL;DR Tether will discontinue its euro-pegged stablecoin, EURT, by the end of 2025, in response to regulations in Europe, specifically the MiCA framework. Holders must redeem…
- CryptoSlate
Tether to focus on Hadron as it exits EURt amid regulatory challenges in Europe
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,…
Related stablecoins
Stablecoins comparable to Euro Tether by collateral mechanism, peg currency, or circulating supply — handy for spotting alternatives if a peg breaks or a regulator forces a delist.
Other fiat-backed stablecoins
Stablecoins pegged to EUR
Risk Warning
Stablecoins carry risks including de-pegging, regulatory changes, and counterparty risk. Always diversify and do your own research.