The USDT/EUR rate tracks the USD/EUR forex pair. Since USDT is pegged to the US dollar, the euro price rises when the euro weakens against the greenback and falls when the euro strengthens.
Live USDT/EUR exchange rate derived from the USD/EUR forex pair. Movements reflect eurozone monetary policy, ECB rate decisions, and EUR/USD cross-rate fluctuations.
USDT / EUR CoinGecko
€0.8680+0.00%Now
Price Comparison
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Tax · Eurozone
Tax on USDT/EUR Movements
EU crypto taxation is not harmonised — each member state sets its own rules. MiCA regulates markets but does not standardise tax treatment. Germany, France, and others each apply different regimes.
Capital Gain from EUR Weakening
You buy 10,000 USDT at €0.85 per USDT, costing €8,500. The euro weakens against the USD, and you later sell at €0.90 per USDT, receiving €9,000. Your gain is €500 (€9,000 − €8,500). In France this would be taxed at the 30% flat rate (PFU), costing €150. In Germany, if held over one year, the gain is tax-exempt.
Capital Loss from EUR Strengthening
You buy 10,000 USDT at €0.92 per USDT, costing €9,200. The euro strengthens against the USD, and you sell at €0.87 per USDT, receiving €8,700. Your loss is €500 (€8,700 − €9,200). Loss deductibility varies by country — Germany allows offsetting against other crypto gains, while France's PFU regime limits loss utilisation.
Key Rules
Germany exempts crypto gains from tax if the tokens are held for more than one year (§ 23 EStG private disposal transaction). Gains under €600 within one year are also exempt.
France applies a flat 30% Prélèvement Forfaitaire Unique (PFU) on crypto disposals — 12.8% income tax plus 17.2% social charges — with no holding period discount.
MiCA (Markets in Crypto-Assets Regulation) standardises market regulation across the EU but does not harmonise tax treatment — each member state retains full tax sovereignty.
Other notable regimes: Portugal taxed crypto gains at 28% from 2023; Italy introduced a 26% substitute tax; the Netherlands applies a deemed return on net assets.
Tax disclaimer
General information only — not tax, legal, or financial advice. Tax rules vary significantly across EU member states. Consult a qualified tax advisor in your specific country of residence. EU Crypto Tax Overview.
FAQ
USDT/EUR Questions
USDT is pegged to the US dollar, not the euro. When the EUR weakens against the USD (e.g. after ECB rate cuts), each USDT costs more euros. The token itself stays at $1.00 USD.
Yes. Holding USDT effectively gives you USD exposure. If the EUR/USD rate drops from 1.10 to 1.00, your USDT is worth 10% more in euros. This is functionally similar to holding US dollars but carries Tether issuer risk.
Kraken is the largest exchange with a native USDT/EUR order book tracked by CoinGecko. Binance and Bitstamp also list USDT/EUR but with varying liquidity. Always check the order book depth before placing large orders.
USDT is currently available in the EU, though Tether faced MiCA compliance challenges in 2024-2025. Several EU exchanges temporarily delisted USDT before Tether secured the necessary e-money licences. Check your exchange's current listing status.
The Markets in Crypto-Assets Regulation (MiCA), fully enforced from June 2024, requires stablecoin issuers to hold EU banking licences and maintain reserve transparency. Tether obtained compliance through partner institutions, keeping USDT available on regulated EU platforms.
