#稳定币市场动态 There are new developments in the stablecoin market. Tether will terminate EUR₮ redemption services today, marking the final stage of its gradual exit from the euro stablecoin market. On-chain data shows that the circulation and trading activity of EUR₮ have significantly declined recently. This decision may be influenced by regulatory pressures and also reflects Tether's adjustment of its global strategic layout. Going forward, attention should be paid to the capital flows of EUR₮ holders and the development of new projects such as EURQ. This may cause short-term volatility for the stablecoin ecosystem, but in the long run, it will be beneficial for market standardization.