Revolut to Remove USDT Access for European Users in August
Revolut is delisting Tether's USDT stablecoin by end of August, converting remaining balances to users' base fiat currency.
Revolut, one of Europe's largest fintech platforms, has begun notifying customers that it will delist USDT — the world's most widely traded stablecoin — effective after August 31. Any holdings still on the platform at that point will be automatically converted into each user's base currency, the company indicated in its customer communications.
The move reflects mounting regulatory pressure on stablecoins across the European Union, where the Markets in Crypto-Assets (MiCA) framework has introduced strict requirements for stablecoin issuers. Tether, the company behind USDT, has not secured the necessary authorization to operate as a regulated e-money token issuer under MiCA, putting platforms like Revolut in a difficult position as enforcement timelines tighten.
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For Revolut, the decision also carries a risk-management dimension beyond pure compliance. Carrying a non-compliant asset on a regulated platform creates legal exposure that few licensed financial institutions can easily absorb, particularly as regulators across Europe sharpen their scrutiny of crypto service providers. The automatic conversion mechanism suggests Revolut is prioritizing a smooth offboarding experience while limiting any window during which customers could be left holding an asset the platform no longer supports.
The delisting underscores a broader tension shaping the European crypto landscape: as regulatory frameworks mature, the gap between compliant and non-compliant stablecoins is becoming commercially consequential. Exchanges and neobanks are being forced to make binary choices about which assets remain viable on licensed platforms. For Tether, losing shelf space on a platform with tens of millions of users in Europe represents a meaningful signal about the cost of regulatory ambiguity in major markets.
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