What is Tether EURt (EURt) Crypto Coin? A Simple Guide to the Euro Stablecoin

By Robert Stukes On 14 Nov, 2025 Comments (16)

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If you’ve ever traded crypto in Europe, you’ve probably seen EURt listed on exchanges like Binance or Kraken. But what exactly is it? And why do traders use it instead of Bitcoin or Ethereum? Simply put, Tether EURt (EURt) is a digital version of the Euro - stable, reliable, and designed to move money fast between crypto and traditional finance without the wild price swings.

EURt Is the Euro, But on the Blockchain

EURt isn’t a new currency. It doesn’t have its own central bank or physical coins. Instead, it’s a digital token that represents one Euro. Every EURt token you hold is backed by one actual Euro sitting in a bank account controlled by Tether Limited. That’s why it’s called a stablecoin. Unlike Bitcoin, which can jump 10% in a day, EURt stays close to €1.00. In fact, most of the time, it trades between €0.9998 and €1.0002 - barely any movement at all.

This stability makes EURt perfect for traders who want to avoid losing money to crypto volatility. If you’re holding Bitcoin and think the market might drop, you can swap it for EURt. You keep your value locked in Euros, not crypto. When things calm down, you swap back. No need to cash out to a bank account and wait days for a wire transfer.

How EURt Is Made and Burned

EURt doesn’t just appear out of nowhere. It’s created (or minted) only when someone deposits Euros into Tether’s bank accounts. Let’s say you send €10,000 to Tether. They verify your identity, check your documents (KYC/AML), and then issue 10,000 EURt tokens to your crypto wallet. That’s it - your Euros are now digital.

The reverse is just as simple. Want to turn EURt back into Euros? You send the tokens back to Tether. They destroy (or burn) those tokens and send your Euros to your bank account. The total supply of EURt always matches the Euros they hold. No extra tokens. No hidden printing.

This system sounds straightforward, but it only works if Tether actually has the Euros to back them. That’s why they publish monthly transparency reports showing their reserves. As of October 2023, over 2.47 billion EURt tokens were in circulation - meaning Tether claims to hold at least €2.69 billion in reserves.

Where EURt Runs: Ethereum, Tron, and More

EURt isn’t stuck on one blockchain. It runs on multiple networks to give users flexibility:

Ethereum (ERC-20) - Most common, used by exchanges and DeFi apps.
Tron (TRC-20) - Faster and cheaper transactions, popular for large transfers.
Bitcoin (Omni Layer) - Rarely used now, but still supported.
Solana and Polygon - Added in late 2023 to keep up with demand for low-cost networks.

Here’s the catch: if you send EURt to the wrong network, your funds can get stuck forever. Sending ERC-20 EURt to a Tron address? Gone. Always double-check the network before you send. Most exchanges now show a network selector - use it.

Trader swapping volatile Bitcoin for stable EURt on a futuristic crypto terminal

Who Uses EURt and Why

EURt isn’t for everyone. It’s mostly used by:

European crypto traders - Avoids USD conversion fees when trading EUR pairs.
Institutional investors - Use it to park cash between trades without leaving the crypto ecosystem.
DeFi platforms - Lending and borrowing platforms in Europe use EURt as collateral because it’s stable and Euro-denominated.

According to Bitstamp’s 2023 report, 37% of their Euro trading volume happens with EURt. CryptoCompare found that 63% of European institutional traders use it as their main Euro stablecoin. That’s not small - it’s the dominant choice in the region.

For regular users, EURt is mostly accessed through exchanges. You don’t need to go through Tether’s strict KYC process yourself. Just buy EURt like you’d buy Bitcoin - with a credit card or by trading another crypto.

EURt vs. USDT: The Euro vs. Dollar

Most people know Tether’s USDT - the USD stablecoin. EURt is its European cousin. USDT has a daily trading volume of around $50 billion. EURt? Around $1.2 billion. That’s small in comparison, but it’s growing fast.

Why does EURt exist? Because not everyone wants to deal with the US dollar. In Europe, using EURt means:

No currency conversion fees when trading EUR/BTC or EUR/ETH.
No exposure to USD fluctuations.
Faster settlement than traditional Euro bank transfers.

USDT is the global standard. EURt is the regional specialist. If you’re in the EU and trade crypto regularly, EURt is the smarter tool.

The Downsides: Centralization and Trust

EURt isn’t perfect. Its biggest weakness is that it’s centralized. Tether controls the money, the minting, and the redemption. You have to trust them. And while they publish reserve reports, they’re not audited by big-name firms like Deloitte or PwC - just smaller accounting firms. Critics, like author David Gerard, argue this isn’t enough transparency.

Also, you can’t mint EURt unless you’re an institution with full KYC. Regular users can’t directly buy EURt from Tether. You have to go through an exchange. That’s fine for most, but it’s a barrier if you want full control.

And then there’s privacy. Every EURt transaction is public on the blockchain. But Tether knows who you are because you had to prove your identity to get it. If you want anonymity, EURt isn’t for you. Decentralized stablecoins like DAI offer that - but they’re more volatile and harder to use.

Digital vault with Euro reserves minting EURt tokens under MiCA compliance

Regulation Is Coming - And It’s a Big Deal

Europe’s new crypto law, MiCA (Markets in Crypto-Assets), went live in 2024. It forces stablecoin issuers to meet strict rules: regular audits, clear reserve disclosures, and even a legal base in the EU. Tether is already preparing. They’re working on setting up a European subsidiary to handle EURt under MiCA’s rules.

If they don’t comply, EURt could be blocked from EU exchanges. That’s a real risk. But if they do, it could make EURt even more trusted - and even more dominant.

What’s Next for EURt?

Tether isn’t resting. They’re expanding EURt to more blockchains, increasing transparency reports to monthly, and pushing for wider adoption. Analysts at Delphi Digital predict the Euro stablecoin market could hit $8-12 billion by 2025. EURt is expected to capture most of that.

Competition is starting to appear. Circle is working on a Euro version of USDC. STRK has launched EURe. But neither has Tether’s liquidity, network effects, or exchange listings. For now, EURt is the only real option for Euro-denominated crypto trading.

Final Thoughts: Is EURt Worth Using?

If you’re in Europe and trade crypto, EURt is a no-brainer. It’s stable, fast, and cheaper than bank wires. It lets you hold value in Euros without leaving the crypto world.

If you’re outside Europe, or you don’t care about Euros, skip it. Stick with USDT or DAI.

Just remember: don’t try to mint EURt yourself unless you’re an institution. Buy it on an exchange. Always check the network before sending. And keep an eye on Tether’s transparency reports - they’re your only window into whether those Euros are really there.

Is EURt the same as EUR?

No. EUR is the physical and digital Euro used in traditional banking. EURt is a digital token on blockchains that represents one Euro. Think of EURt as a digital IOU backed by real Euros - it’s not money itself, but it acts like it.

Can I buy EURt directly from Tether?

Technically yes, but only if you’re an institutional investor with full KYC/AML documentation. Regular users can’t mint EURt directly. Instead, buy it on exchanges like Binance, Kraken, or Bitstamp using EUR or another crypto.

Is EURt safe?

It’s as safe as Tether’s reserves. If Tether has the Euros they claim, EURt is stable and reliable. But it’s not decentralized - you’re trusting one company. That’s why some traders prefer DAI or other decentralized stablecoins, even if they’re more volatile.

Why is EURt cheaper to use than bank transfers?

Traditional Euro bank transfers (SEPA) can take 1-2 days and cost €5-€15. EURt transfers take seconds and cost less than €0.10 on Tron or Ethereum. For traders moving funds between exchanges or into DeFi, that’s a massive savings.

What happens if Tether goes bankrupt?

If Tether loses its reserves or can’t redeem EURt for Euros, the peg could break. EURt might drop below €1. That’s the risk of centralized stablecoins. That’s why regulators are pushing for stricter rules - and why you should never hold all your crypto in one stablecoin.

Can I use EURt for DeFi?

Yes. Many DeFi platforms in Europe - like Aave and Curve - accept EURt as collateral for loans or as a trading pair. It’s especially useful if you want to earn interest in Euros instead of USD or volatile crypto.