Revolut notified some customers it will delist Tether USDt (USDT) stablecoin in August, citing regulatory and risk concerns.
Users will no longer be able to buy USDT starting July 6, with full delisting scheduled for Aug. 31, 2026.
If users do not sell or withdraw their USDT by the end of August, Revolut will automatically convert any remaining USDT holdings into users’ base currency at the day’s exchange rate.
USDT deposits will no longer be supported after July 30, 2026, after which any incoming USDT transfers will be rejected.
The move highlights how major fintech companies are adjusting stablecoin access in response to shifting regulatory frameworks. Exchanges such as Coinbase began delisting USDT in Europe in 2024 to align with the EU’s Markets in Crypto-Assets (MiCA) requirements.
Revolut was granted a MiCA license as a crypto asset service provider (CASP) in November 2025, issued by the Cyprus Securities and Exchange Commission (CySEC).
Tether’s USDT has been gradually delisted by CASPs in Europe since late 2024 as the stablecoin’s issuer refused to comply with the EU’s MiCA regulation.
Tether CEO Paolo Ardoino has repeatedly criticized perceived flaws in MiCA, including reserve requirements that apply to certain stablecoin issuers and require part of their reserves to be held with EU credit institutions.