Overview
EURT is the Euro-denominated stablecoin issued by Tether, the company behind USDT — the world's largest stablecoin. EURT aims to provide a Euro-pegged digital currency backed by Tether's reserves, extending Tether's stablecoin offerings beyond the US Dollar. The token is available on Ethereum and other chains.
Despite Tether's dominant position in USD stablecoins, EURT has seen minimal adoption. The Euro stablecoin market is small overall, and within it, Circle's EURC has gained more institutional trust due to its superior transparency and regulatory compliance. EURT's circulation is a tiny fraction of USDT's.
EURT inherits all of Tether's controversial aspects — questions about reserve composition, transparency standards, and regulatory relationships. While Tether has improved its attestation practices, it still doesn't provide the level of detail that Circle offers for EURC. The MiCA regulatory framework in Europe could further challenge EURT's position.
Risk Factors
- Inherits Tether's ongoing transparency and reserve composition concerns
- Negligible adoption — tiny circulation compared to USDT or even EURC
- MiCA compliance uncertain — could face regulatory challenges in EU
- Circle's EURC is the more trusted alternative for regulated Euro stablecoin usage
Conclusion
EURT is Tether's underperforming Euro stablecoin entry, carrying the brand's transparency baggage without the network effects that make USDT dominant. The 2.4 score reflects functional infrastructure against poor adoption, trust concerns, and a stronger competitor in Circle's EURC.