Tether: Why We're Discontinuing EUR₮ and What’s Next

[rss]

Interesting stuff

https://tether.io/news/tether-updat...ter-support-community-driven-product-support/

"At this time we will be focusing our support on new ventures‌ such as the launch of Quantoz Payments’ revolutionary MiCAR-compliant stablecoins, EURQ, and USDQ"

If you’ve‍ got EUR₮ in your wallet, don’t panic. You’ve got time. Tether is giving EUR₮ holders⁠ until November 27, 2025, to redeem their tokens. So, if you’re holding EUR₮ across⁤ any blockchain, you’ll need to make sure you redeem it before the deadline.

 

[Martin Everson]

https://tether.io/news/tether-to-ma...ether-tech-as-part-of-tokenization-expansion/

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Hadron by Tether is an intuitive platform for issuing and managing‌ the full life cycle of tokenized assets with an emphasis on providing a comprehensive set‍ of tools for token issuance, token management, compliance, Know-Your-Customer (KYC), Know-Your-Transaction (KYT), risk management, secondary⁠ market ecosystem monitoring and wallet connection technologies, spanning from blockchains to centralized digital asset exchanges.⁤

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Coming to USDT at some point. Good luck to them with this⁣ big brother setup.

 

[rss]

lmao



https://twitter.com/x/status/1861789592392745227

 

[cryptofriendly]

There goes my plan to hold USDT on a cold wallet, while⁢ taking a 3 year long digital detox somewhere in the mountains.

How many percent people︀ holding EUR₮ gonna miss the deadline? I bet it's more than 7%.
With a current︁ market cap of 38.26M, that's minimum of $2,678,200 iFinex gonna get richer after the deadline.︂

I know, it means nothing in the grand scheme, but it paves the way to︃ do it with USDT some day in the future ($132.74B current marketcap), that would mean︄ >$9.3B instant profit for iFinex.

 

[rss]

Never keep your⁢ money in usdt long term. They can just wake up and freeze your funds without︀ any court order.

 

[JohnnyDoe]

Or DoJ can decide‍ to pull the plug once the idiots (Tether, Deltec, inspector Gadget etc.) are no longer⁠ useful to them.

 

[cryptofriendly]

I know, but I‍ don't see any real alternatives which are guaranteed to exist (without depegging) in 4 years,⁠ even DAI isn't perfect, and USDC is the same thing, just run by CONBASE (nomen⁤ est omen, lol).

Banks deposit guarantees doesn't work for big amounts, diversification could help, but⁣ in the end it's the same issue as USDT.

Don't want to store cash either,⁢ safety boxes are not safe, even in places you'd think they'd be safe.
https://mainichi.jp/english/articles/20241124/p2g/00m/0na/051000c

Having a safe at home (hahahahah, I already can see the neighbors talking to every dodgy︀ person they know when it gets delivered), or burying it it the garden don't work︁ for me either, the monsoon season will wash it away (or make it sink 5︂ m lower).

Any option I missed?

 

[Mercury]

Low volatility US ETFs?

 

[Wellington]

USDT will be folded into the US system hence the company currently managing their assets‌ has taken a %

 

[Wellington]

Euro is different - dealing with control freaks

 

[JackAlabama]

yeah thats‌ to be expected, strong rules for euro, to drive everyone into usd.

 

[JackAlabama]

there's no cashing out from Bitcoin possible 😉
All the other options are risky and require︃ a lot of work but it would be the usual diversification strategy across assets /︄ locations.

 

[cryptofriendly]

I promised myself never to touch‌ the stock market again, and for sure not buying into it at ATH.

Boom &‍ bust cycles are the nature of wall street, and the anniversary of 1929 is coming⁠ closer.
https://en.wikipedia.org/wiki/Panic_of_1825

I see patterns, and they tell me that history rhymes about every 100⁤ years (world wars and debt are back in fashion already). 2030 is a nice round⁣ number with so many things in store....

 

[cryptofriendly]

You are right, but I don't want to participate⁠ in the 57.6% downturn in 2026, besides of shorting it with 10% of my wealth.⁤

Any opinions on XSGD ? They seem to be fully backed by SGD fiat bank⁣ deposits.

 

[JackAlabama]

this is no given by any means but likely to be expected. Im also not looking‍ forward to having the downside vola of 57.64564% but I look for comfort this is⁠ still better than a permanent 100% loss.
so is⁣ usdc, apparently.

 

[manukahoney]

Short term US gov bonds?
I mean if those collapse, so will Tether and much earlier.

 

[JackAlabama]

yeah in a normal world that would be a‍ solution (less 1 y) but today it comes with added risk and inconvenience is you⁠ need to hold these at a custodian who can block at will, especially if having⁤ certain nationalities.

 

[YoungLansk]

Your Only Hope is to Hold BTC Or just spend it. anything else is flawed‌

 

[rss]

I believe usdc and circle/coinbase will be just fine for the next 4 years, Brian‌ Armstrong is already in bed with Trump

 

[JackAlabama]

I see this‍ similar. clownbase is very entrenched and the good boy of the industry in the us.⁠
Plus the usa is on a path to pull in everyone into the usd.