Revolut Sets Aug. 31 Deadline to Delist Tether’s USDT in Europe

Quick overview

Revolut will delist Tether’s USDT by Aug. 31, 2026 after MiCA regulations blocked a license, joining other platforms restricting the stablecoin.

Revolut, one of the main players in the European fintech space, has notified its clients that it is removing Tether’s USDT stablecoin from its list of supported cryptocurrencies in view of fresh EU legislation. “From 12.00 p.m. GMT on August 31st, 2026, you will no longer be able to hold USDT in your account,” an email to customers read.

In line with its plans, Revolut has adopted an action plan for the removal of the cryptocurrency from its platforms as a result: People can continue to buy the stablecoin until July 6, and can deposit USDT up until July 30, but the ability to sell or transfer USDT off their Revolut account will expire on August 31, according to Revolut’s guidance, which said customers “are advised to sell their balances or transfer them out from their Revolut account ahead of that date.”

Any funds that remain in an account when the stablecoin is no longer supported, “will be converted to your main currency at the current USDT market price,” the fintech firm said of the procedure, according to its crypto delisting policy.

MiCA rules stop Tether from getting a license

The reason why Revolut made the decision is that the EU recently implemented more rigorous MiCA standards on crypto services and stablecoin issuers. MiCA is an EU crypto asset market framework requiring crypto service providers and stablecoin issuers to obtain new licenses and comply with requirements regarding reserves, reporting and supervision.

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The stablecoin issuer Tether does not have a MiCA license for USDT, meaning it is not allowed on platforms that operate within the region. Earlier this year, Tether Chief Executive Paolo Ardoino stated that MiCA was not designed with the most-used stablecoin in mind and the reserve requirement specifically had raised concerns around the stablecoin’s assets, liquidity and redemption risks.

The decision of Revolut was just the latest in an increasing number of European crypto businesses that were moving to remove access to USDT for their users once the regulations came into force on July 1.

However, only people who received this notification about the removal will not be allowed to transact in USDT and the coin is not being banned from the EU. Users outside the European Union can continue to buy, transfer, or use the stablecoin as before.

Revolut’s action highlights how new crypto regulations are impacting the types of stablecoins that can be supported on different platforms, even when a coin like USDT remains unobstructed elsewhere.

As European crypto platforms continue to comply with MiCA, Tether’s USDT will become more challenging to access in the continent’s crypto industry, but those who hold USDT within their Revolut account will be given until the end of August to transfer funds or be converted to the user’s main currency.

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.

His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.

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