According to CCData, Tether has announced that it will cease support for its Euro Tether (EURT) stablecoin. The decision is attributed to the stringent compliance requirements under the Markets in Crypto-Assets (MiCA) regulation and a decrease in market demand. As a result, the market capitalization of EURT fell by 0.47% to $26.9 million in December, marking the 13th consecutive month of decline.